Update 23D

Revision History

This document will continue to evolve as existing sections change and new information is added. All updates appear in the following table:

Overview

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Subscription Management

Subscription Management

Support Daily Rates Proration, Periodic Billing and Periodic Revenue Recognition for Coverage Subscriptions

Support Daily Rates Proration, Periodic Billing and Periodic Revenue Recognition for Coverage Subscriptions. You can now prorate the one-time charge at the covered level at the time of closing the subscription. You can prorate by daily rates for closure of coverage service subscription products. You can also enable periodic billing of one-time charges and periodic revenue recognition of one-time charges for the coverage service subscription products at the covered level. Except for the proration using daily rates, the other 3 features are available only when you enable detailed level of billing in coverage services.

Manage Amount based Allowances for Consumption based Subscription Models

Balance Management feature allows the tracking of amount-based allowances and usages in a balance register. Users have the flexibility to configure balance codes and associate a condition to decide what usage events or allowances are considered while tracking the given balance. They can configure balance profiles to define the rule for pooling of allowances and usages, and to track all the related balances in a balance register. Allowances are tracked with effectivity dates and can optionally add a rollover period to extend the validity of allowances. During the usage rating process, it will draw-down the allowances from the respective balance register, and rate the excess usage quantity to determine the usage charge for that event.

Managing Recurring and Top-Up Allowance Grants for a Consumption-Based Subscription Model

This feature enables the creation of entitlement plans with allowances against recurring or one-time charges, in addition to usage charges. Users can implement their recurring or top-up allowance grant use case by adding allowances in the entitlement plan against recurring charges or one-time charges. All recurring and top-up allowance grants will be tracked and consumed in a balance register, similar to the way allowance grants created from usage charges are tracked and consumed. The balance profile has also been enhanced to include one-time and recurring charges, facilitating the creation of a balance register period and allowance grants from these charges as well.

Copy Align Billing From during Subscription Renewal

This feature copies the Align Billing From date over from the source subscriptions to the renewed subscriptions on subscription renewal based on a checkbox setting in the renewal rules template.

Enable Audit on Product Status

This feature lets you view the audit history of the subscription product status changes that take place during the subscription life cycle.

Streamlined Subscription Attributes

Some of the attributes that belong to the Subscription, Subscription Product, Subscription Associated Assets, Subscription Bill Lines, Subscription Charges are streamlined to avoid inadvertent use by the users. This streamlining process includes 1. Obsoleting some unused attributes 2. Making some attributes read-only post creation, and 3. Making some attributes editable conditionally.