Table of Contents
How does a spreadsheet work in Salesforce?
The spreadsheet gives Daniel the volume based prices for which he’s looking. He types the figures into the Quantity and Sales Price fields in Salesforce and hits enter. Then Daniel does the same thing for the other products on his opportunity.
How do commodity codes work?
Commodity Codes can drill down all the way to a specific code within the initial category, such as a code just for pencils. The more numbers behind the original code (not including zeros), the more detailed the code. We recommend that departments select a code that represents the item you are purchasing using the first 4-digits …
What can I do with spend category data?
Spend Category data can be used to determine if a University Wide Contract should be negotiated, if the purchase qualifies as an asset, and whether or not the item needs to be tagged by inventory control. Spend Category data is also helpful when attempting to negotiate contracts, when analyzing expenses, and when creating and monitoring budgets.
What happens when you change the default currency in Salesforce?
The Salesforce documentation states: “When you change the default currency of a record, currency amounts are not converted; they simply display with the new currency code.” This is true only if the record is updated with the Salesforce user interface
Why is spend management important?
What is Financialforce PSA?
About this website
Why is spend management important?
Spend management processes are designed to get you control and visibility over your indirect and direct spend, makes it easy to minimize costs and prevent contract leakage while enforcing spend controls. Automated workflows allow approvers to quickly approve or deny purchases.
What is Financialforce PSA?
FinancialForce Professional Services Automation (PSA), ranked #1 on G2, leverages the power of Salesforce CRM and the Salesforce platform. Gain unprecedented visibility into your business across sales, services delivery, and finance. Keep projects on time, customers happy and reports up to date–all on one integrated platform.
Option 3 – Volume-based Pricing by Increments
The incremental approach to volume based pricing is a more sophisticated version of tiers.
Option 4 – Volume-based Pricing by Product Bundles
Product bundles allow customers to buy multiple products in return for a discount or other benefit. As such, it’s a variation of volume based pricing.
Further reading
The Power of Pricing. Published in 2003 by McKinsey, but still a great article on the impact (negative and positive) of volume-based pricing.
Volume Pricing App Video
Here’s the Volume Based Pricing app in action. Get in touch today for a free trial.
What is Salesforce multicurrency?
Before we look at how multicurrency works and what you need to look out for, lets look at what it offers:
Why Use Multicurrency?
You may have just added a custom currency field (as in the example below) to the records you need to record an alternate currency. Now you are finding you need a consolidated report of all amounts. Without multicurrency, you would need to run separate reports for each currency and then apply a conversion rate.
What Should I Look Out For?
The Salesforce documentation states: “When you change the default currency of a record, currency amounts are not converted; they simply display with the new currency code.” This is true only if the record is updated with the Salesforce user interface
What to do if your commodity code doesn’t fit?
If the recommended account code doesn’t fit for your payment, simply change the account code to what you want to use. If the code you are looking for isn’t found on the list, try searching by a single keyword that best describes the purchase.
What is commodity code?
What are commodity codes? Commodity codes are standard classification codes for products and services used to detail where money is spent within a company. Using these codes tells Procurement Services what kinds of items are purchased most, so we can build better contracts to serve your needs.
What is CSFP sharing gallery?
The Commodity Supplemental Food Program (CSFP) Sharing Gallery is a collection of resources and materials to assist state and local agencies who administer CSFP and provide food and nutrition information to program participants. Resources have been organized by format type.
What is CSFP in food?
The Commodity Supplemental Food Program (CSFP) works to improve the health of low-income persons at least 60 years of age by supplementing their diets with nutritious USDA Foods. USDA distributes both food and administrative funds to participating states and Indian Tribal Organizations to operate CSFP.
Why is spend management important?
Spend management processes are designed to get you control and visibility over your indirect and direct spend, makes it easy to minimize costs and prevent contract leakage while enforcing spend controls. Automated workflows allow approvers to quickly approve or deny purchases.
What is Financialforce PSA?
FinancialForce Professional Services Automation (PSA), ranked #1 on G2, leverages the power of Salesforce CRM and the Salesforce platform. Gain unprecedented visibility into your business across sales, services delivery, and finance. Keep projects on time, customers happy and reports up to date–all on one integrated platform.