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In this blog, we'd like to introduce you to one of the things that are new or have been changed in the May 2016 version of SAP Business ByDesign.

Of course you can find more information in the What's New in SAP Business ByDesign documentation, which is available online.

Today, we are going to talk about contract renewal with re-determined item price.

You can now create a renewal rule with condition to re-determine item price in contract. When you apply this rule on a contract, item price will be fetched from product master data in renewed contract or contract item, instead of copying the price from previous contract or contract item. For more information, see Customer Contracts Quick Guide.

To create a renewal rule with condition to re-determine the item price, go to Maintain renewal rules under Renewal and Cancellation for Customer Contracts activity in Business Configuration work center, as highlighted in the snapshots below:

Click Add Row to create a new rule, enter rule decription and choose Re-determine Price and other required conditions under Renewal Rule Definition.

Are you familiar with the What's New video in SAP Business ByDesign? You can have a look at it here.

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