What is price version in SAP CRM-IT - Telecommunications?

SAP Term: price version

• Component: CRM-IT

• Component Name: Telecommunications

• Description: A means of influencing recurring charges for a specific product by assigning different prices to the product based on the time when the customer signed up for it. For each contract, the price version itself remains the same. The prices assigned to the price version, however, can be subject to price developments. Only price changes that affect the price version used in the contract have an effect on the recurring charges within that contract.

Smart SAP Assistant

• Key Concepts: 
  Price version is a feature in SAP CRM-IT Telecommunications that allows users to create and manage different versions of pricing for products and services. It enables users to define different prices for different customers, regions, or other criteria. Price versions can be used to create special offers or discounts for certain customers or products. 
  
  How to use it: 
  To use the price version feature in SAP CRM-IT Telecommunications, users must first create a price version. This can be done by navigating to the “Price Version” tab in the CRM-IT Telecommunications application and selecting “Create Price Version”. From there, users can enter the details of the price version, such as the name, description, and pricing criteria. Once the price version is created, users can assign it to products or services and set the appropriate prices. 
  
  Tips & Tricks: 
  When creating a price version, it is important to consider how it will be used. For example, if the price version is intended for a specific customer or region, make sure to include this information in the description so that it is easy to identify later on. Additionally, it is important to ensure that all of the pricing criteria are correctly entered so that the correct prices are applied when the price version is assigned. 
  
  Related Information: 
  For more information on using the price version feature in SAP CRM-IT Telecommunications, please refer to the official SAP documentation at https://help.sap.com/viewer/product/CRM_IT_TELECOM/7.0/en-US.