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Rate Model

How it works

Applicable for Product Classification

Calculation LogicExample
Flat RateApplies a single fixed price.

Expenses

Final price is based on the base amountSetup fee: €20

Flat Rate, Quantity Based

 

Applies a single fixed price based on the quantity of the product, which starts from a base rate and can be modified as the quantity increases, by using a multiple tiers table.

If used for termed services, then the logic changes according to the number of the distributors. The quantity of the service will be measured based on the number of authorised distributors of the service. The service will be billed only once, taking into consideration the applicable price.

 

Termed services, physical goods

Not cumulative;

If the quantity falls into multiple tiers , then the final price is equal to the price of the highest level .

If the quantity does not fall into any quantity range, then the final price is equal to base rate price

A channel available from multiple TVs (rooms in the house with different decoders):
If for 1 TV the price is €10 and from 2 to unlimited units the price is €8 then:

  • A channel available from one TV will be billed €10
  • A channel available from two TVs will be billed (€8*2) = €16
  • A channel available from three TVs will be billed (€8*3) = €24
Flat Rate, Duration Based

Applies a single fixed price based on the duration of the services, which starts from a base rate and can change as the duration required to provide the service increases, by using a multiple tiers table.

One-time services

Not cumulative;

If the duration falls into multiple tiers, then the final price is equal to the flat rate price of the highest level.

If the duration does not fall into any quantity range, then the final price is equal to the base rate price

Installation service: for 1 hour the charge is €10 and from 2 to unlimited hours the charge is €8 then:

  • An installation that lasts for one hour will be billed €10
  • An installation that lasts for two hours will be billed (€8*2) = €16
  • An installation that lasts for three hour will be billed (€8*3) = €24

 

Tiered Rate, Quantity Based

Applies a price which starts from a base rate and can progressively change as the quantity increases, using a price table made up of multiple tiers.
Each tier, defines a quantity range and the rate that will be applied to a product if the quantity of the purchased product falls within that range.

Termed services, physical goods

 

Cumulative;

If the purchase of a product falls into multiple tiers, then the final price is calculated by adding up the base rate and the rates of each tier.

If the duration does not fall into any quantity range, then the final price is equal to the base rate price

Antenna: If for 1 antenna the price is €10 and from 2 to unlimited units the price is €8 then:

  • An antenna will be billed €10
  • Two antennas will be billed for  €10 + €8 = €18
  • Three antennas will be billed for (€10*1) + (€8*2) = €26
Tiered Rate, Duration Based

Applies a price which starts from a base rate and can progressively change as the duration required to provide the service increases, using a price table made up of multiple tiers.
Each tier, defines a duration range and the rate that will be applied to a service if the duration of the service falls within that range.

One-time services

Cumulative,

If the duration of the service falls into multiple tiers, then the final price is calculated by aggregating the base rate and the rates of each tier.

Installation service: for 1 hour the charge is €10 and from 2 to unlimited hours the charge is €8 then:

  • An installation that lasts for one hour will be billed €10
  • An installation that lasts for two hours will be billed  €10 + €8 = €18
  • An installation that lasts for three hour will be billed (€10*1) + (€8*2) = €26

Tiered Rate, Maturity Based

Applies a price which starts from a base rate and progressively changes as the subscription maturity (age length) increases, using a price table made up of multiple tiers.
Each tier defines a period range and the rate that will be applied on a product if the subscription age falls within that range.

 

Termed services

Cumulative;

If the subscription age falls into multiple tiers, then the final price is calculated by adding up the base rate and the rates of each tier.
The 'to' field, in tiered pricing, includes the binding end as an extra option (free text integers and unlimited option).

Channel: if for the first month the channel is for free, from the second to third month is €10 and then until binding end is €20 then

  • A subscriber with a biannual billing frequency (6 months) will be billed 0 +  €10 + €10 +  €20 +  €20 +  €20 = €80


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attributes
attributes
Price

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plan fields

This table contains an explanation of the sections of price plans Data Entry page, a description of the usage of its fields and additional information.

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Note
  • Positive numbers must be used in offering a discount.
  • If a negative number is used, then the System will ADD this to the initial amount instead.

    Initial AmountDiscount AmountCalculated Amount
    10.005.005.00
    10.00-5.0015.00
    10.005%9.50
    10.00-5%10.50

Adding a new product rate to existing price plans

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While you cannot change price plans that are already in use you can use Add New Product action to define rates for new products to existing price plans. An alternative to this, is to add the product to an existing price plan when creating the new product directly from the Products data entry page.

  1. Click on the name of the plan you would like to add a new product rate to go to the Data Entry page.
  2. Click on Actions > Add New Product from the Actions Menu.
  3. Use Quick Search or click on the magnifying glass to search for the product .
  4. In the modal provide all the necessary information for the creation of the Product as explained in the fields table.

Creating a conditional price plan

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Defining product bundle pricing

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A product bundle is a product which is made up of multiple component products; for example an offering to a customer where a single package includes multiple channels. 

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Applying business flows on price plans

Bulk adjustment of rates based on tax changes

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Tax changes don't need to be a big hassle. Price Plan Adjustment Run Definitions allow you to define rules that will be used to adjust all affected price plan rates whenever vat or tax rates changes. 

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