Pricing Phases
Pricing phases allow you to create contracts with pricing that changes at predefined intervals (e.g., annually). This ensures that each phase has a consistent duration, making it ideal for multi-year contracts with phased price adjustments.
Example Use Case 1: Consider a three-year contract where the price per license changes each year
Year 1: $20 per license per month
Year 2: $40 per license per month
Year 3: $60 per license per month
Example Use Case 2: Consider a three-year contract where the price per license AND the applied discount percentage changes each year
Year 1: $20 per license per month, discount of 20%
Year 2: $40 per license per month, discount of 15%
Year 3: $60 per license per month, discount of 10%
This contract can be set up with three phases, each lasting one year, with a specific price for each phase.
Steps to Set Up Pricing Phases
Go to the Contracts > ”+ Create Contract” and set up a new contract.
Go the “Plan Details > “Pricing Details” section
Add the product for the first phase and configure it as required (quantity, discount, etc.)
Click on ”+ Add Phase” to add the second phase
Add the product for the second phase and configure it as required (quantity, discount, etc.)
Repeat this process as needed
Once the Subscription Associated with the Contract is Active:
For the first period, invoices are generated based on the price set in Phase 1
In the second period, billing shifts to the pricing set in Phase 2
and so on…