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A Revenue Cloud Project has a requirement where a Product can be either taxable or tax exempt depending on a custom field that holds the industry. what is the appropriate solution to address this Requirement?
A. Use Automation to set Tax Treatment Based on the value of the custom field.
B. Use Automation to set Billing Rule Based on the value of the custom field.
C. Use Automation to set Tax Rule Based on the value of the custom field.
D. Use Automation to set Revenue Recognition Rule Based on the value of the custom Field.
Explanation:
In Salesforce Revenue Cloud, tax treatment can be automated based on the value of a custom field. This is particularly useful when a product’s tax status (taxable or tax-exempt) depends on a specific attribute, such as the industry in this case1. By using automation, the system can automatically determine the appropriate tax treatment for each product based on the industry value in the custom field1. This not only ensures accuracy but also improves efficiency by eliminating the need for manual intervention1. References
Salesforce Introduces Revenue Cloud to Help Businesses Accelerate Revenue Growth Across Any Channel - Salesforce Sales
Sales reps at UC were facing governor limits while configuring certain large bundles, theadmin at UC has set the ‘enable large configurations package settings to TRUE now the users are experiencing longer loading times between saving a bundle configuration and returning to the quote line editor, even for smaller bundles. What should the admin do to resolve this issue?
A. Enable Large configuration on the bundle parents where needed by selecting the product’s enable large configuration field
B. Recommend CPQ and billing design solutions within proper capabilities
C. All bundles that have more than 20 product should be split into smaller bundles
D. Enable large configurations setting should not be used in such a case
Explanation:
Enable Large Configurations on Specific Bundles: Instead of enabling large configurations globally for all bundles, consider selectively enabling it only on the bundle parents where it is needed. By doing so, you can avoid affecting smaller bundles that don’t require large configurations. This approach allows you to optimize performance while still benefiting from large configurations where necessary.
Review CPQ and Billing Design Solutions: Take a closer look at your CPQ and billing design. Ensure that your configuration models, pricing rules, and quote line editor settings are well-optimized. Sometimes, design choices can impact performance. Consider consulting Salesforce documentation and best practices to fine-tune your implementation.
Avoid Unnecessary Use of Large Configurations: While large configurations can handle complex bundles, they may not be needed for smaller bundles with fewer products. Evaluate each bundle’s complexity and enable large configurations only when necessary. Avoid using it indiscriminately across all bundles.
References:
Salesforce Enable Large Configurations Documentation
Salesforce Trailhead: Understand Scalability
Salesforce Revenue Cloud Overview
What planning strategies should be taken to make user acceptance testing (UAT)Efficient?
A. Execute all tests on behalf of the customer
B. Define and agree on acceptance criteria with customer
C. Issue change orders for all incidents that arise during testing
D. Train UAT testers on the new functionality Finalize test plans before the build Phase completes
Explanation:
For User Acceptance Testing (UAT) to be efficient, it's crucial to have clear and agreed-upon acceptance criteria with the customer. This ensures that both parties have a mutual understanding of what constitutes a successful test outcome. Defining these criteria upfront helps streamline the testing process, as it focuses efforts on verifying that the system meets the business requirements and expectations. While the specific document reference for this answer isn't available in the provided Salesforce Revenue Cloud documents, this approach is a widely recognized best practice in UAT planning and execution in software development and implementation projects.
Universal containers has three product families-hardware, software and services, heir sales reps want to be able to view the net totals of various product families at the quotelevel.in order to support this, the CPQ admin has created3 price rules that use summary variables to add the net total for quote lines that belong toa particular product family and intend to populate the sums to custom fields on the quote record.from a performance stand point, which of the following is true?
A. it would be better to create separate quotes for each of the product families
B. it would be better to use a single price rule with 3 price actions
C. it would be better to create separate quote line groups for each of the product families and then use quote line groupauto-summary functionality
D. the current solution with3separate price rules is the most optimal solution
Explanation:
Salesforce CPQ (Configure, Price, Quote) allows admins to automate price calculations and update quote line fields1. In the context of Universal Containers, they have three product families and want to view the net totals of these families at the quote level1. The current solution involves creating three separate price rules that use summary variables to add the net total for quote lines that belong to a particular product family1. However, from a performance standpoint, it would be more efficient to use a single price rule with three price actions12. This is because price rules can inject a static value, field value, or summary variable into a quote or quote line field1. Therefore, having a single price rule with multiple price actions can streamline the process and improve performance12. References: 12
A Revenue Cloud user story for a Subscription-based Company Looking to replace their legacy system states “As a pricing Manager, bulk discounts will include previously purchased quantities for pricing calculations on the quote in order to reward loyal customers”what should be included in the design of this solution?. (Choose 2 options)
A. Custom Action to retrieve Purchased quantities from an external source
B. Contracts, Subscriptions and Assets should be populated with historical data.
C. Use a summary variable targeting the subscription object with a Price Rule.
D. Legacy Orders and invoices should be migrated
E. Discount schedules with Cross Orders checked.
Explanation:
To implement the user story of rewarding loyal customers with bulk discounts based on previously purchased quantities, the design of the solution should include the following components:
Contracts, Subscriptions and Assets should be populated with historical data. This is necessary to track the customer’s purchase history and determine the appropriate discount tier for each product or service. Contracts, Subscriptions and Assets are the core objects of Revenue Cloud that store the information about the customer’s agreements, recurring charges, and entitlements. By migrating the historical data from the legacy system to these objects, the customer can leverage the Revenue Cloud features such as renewal management, usage-based pricing, and revenue recognition. 123
Discount schedules with Cross Orders checked. This is the feature that enables the bulk discounts based on previously purchased quantities. A discount schedule is a set of discount tiers that apply to a product or a product option based on the quantity or amount ordered. By checking the Cross Orders option, the discount schedule will consider the quantities from all the orders associated with the same account, contract, or subscription. This way, the customer can reward their loyal customers with lower prices for higher volumes. 45
References:
1: Revenue Management Platform & CPQ Solution - Salesforce.com US
2: Salesforce Introduces Revenue Cloud to Help Businesses Accelerate Revenue Growth Across Any Channel - Salesforce
3: Give Discounts for Long Subscriptions Unit | Salesforce Trailhead
4: Discount Schedules - Salesforce
5: Salesforce Revenue Cloud Trailmix - Trailhead
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