- Details
- Published on Wednesday, 12 April 2017 15:44
Bill Price Update Feature
Costs increase and sometime these costs need to be passed onto your clients. Many agreements have a price update policy linked to Retail Prices Index (RPI) or the Consumer Prices Index (CPI) or you may just have a 30/60/90 day policy notice of a price change.
Where you have selected to refresh each item price from within Sage, clearly this feature is not required but many of our clients use fixed or fixed annual price methods and so our new feature has been created for these clients.
Rather than manually calculating and adjusting each recurring bill, you may wish to have a more efficient method of updating applicable bills.
Workplace Suite Recurring Billing and Payments now offers an optional price update feature. Here you can select by a variety of criteria including; Bill Type, Bill Status, Customer, Customer Bill Reference and Product Code.
You can then choose to add or subtract an amount, change the price or add or subtract a percentage.
Having validated against defined rules you will be shown the proposed price changes. Once you are happy simply confirm the update.
If you have our optional bill item components feature enabled, we provide full validation and price updates on these too.
A price update audit history is created each time a price update is performed which is viewable within the price update feature and within each bill.
