CL& Wave 7 support for rebates, incoterms, premium and penalties

[Former Member]

Hi Everyone,

I just wanted to know if CLM wave 7 provided funtionalitity to capture rebates, incoterms, premiums and penalties at line item level as part of pricing conditions?

[Former Member]

Hi,

In Wave 7, you can consider using "Formula based pricing" model and include supplier entered attributes ot type price in the formula to achieve this

(e.g. unit_price + surcharge_SEA1 - discount_amt_SEA2 )

The price condition support is added in Wave 8 for integrated documents and this formula creation is automatic

Thanks,

Baski

[Former Member]

Baski,

So are you saying that I can maintain Rebate conditions at line item level in CLM 7 and as is possible in MM (R4.7/ECC)?

Can I also capture premiums and penalties values/conditions at line item level? These premium and penalties should be then be calculated based on contract call-off

Thanks,

S

[Former Member]

HI,

2 comments here:

- Regarding my previous comment, formula pricing model is available for Rfx and not for Agreements

- In wave 7, price condtions are not supported and are supported starting in Wave 8.

To your question in Wave 7, price condtions support is not available. if you are using the ondemand version, you can consider upgrading to wave 8 as this feature is supported. if onpremise, wave 9 will have this support & you may want to consider using some workaournds until then by exploring the available pricing modles. (e.g. Using price with scales etc..).

Thanks,

Baski