Derived Pricing in Salesforce Revenue Lifecycle Management

In this video, we explore the newly introduced Derived Pricing feature in Salesforce Revenue Lifecycle Management (RLM) as of Summer '24. Learn how to dynamically calculate product prices based on other product prices or the overall quote total, similar to Salesforce CPQ’s Percent of Total products.

What You'll Learn:

Overview of Derived Pricing and its use cases in Salesforce RLM
Step-by-step guide to setting up Derived Pricing in your Salesforce environment
Practical examples and configuration walkthroughs
How to use formulas and functions for advanced pricing calculations
Key Features:

Percentage-Based Pricing
Custom Formulas (Max, Min, and more)
Transactional and Non-Transactional Scope Options
Real-Time Price Adjustments
Resources:

Salesforce Documentation on Derived Pricing
Blog Post: https://thecloudupdate.co/derived-pri...
SF Documentation : https://help.salesforce.com/s/article...


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0:00 - What is Derived Pricing
0:40 - Derived Pricing Demo
1:54 - Derived Pricing Setup Steps
2:15 - Update your Pricing Procedure for Derived Pricing
3:03 - Create your Derived Pricing Product
4:40 - Create your Derived Pricing entry
6:30 - Testing your new Product