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A Revenue Cloud User story states '' Sales Users shouldhave the ability to create newquotes with established rate cards and account specific discounts because currentcustomers are entitled to the pricing that was originally negotiated''.In addition to loadingdata to Accounts,contracts,Quotes what other object will need toabsorb legacy data?
Which Revenue Cloud Feature can` be customized to provide an aggregated view of thecurrent goods and services on a contract?
Some of the users at universal containers have faced long processing times during quote document generation. What can be done to reduce the processing times for document generation?
Universal Containers is beginning the process of SKU rationalization as part of their Revenue Cloud project. They have been advised that rationalizing their product catalog will reduce complexity and increase flexibility. Which three areas can they look to consolidate products?
Universal Containers has three product families - Hardware, Software and Services. Their Sales Reps want to be able to view the net totals of various product families at the quote level. In order to support this, the CPQ admin has created three price rules that use summary variables to add the net total for quote lines that belong to a particular product family and intend to populate the sums to custom fields on the quote record. From a performance standpoint, which of the following is true?
What are three reasons why you would need an AppExchange Solution tosupportgenerating a Document in support of a Revenue Cloud Project?
A Company that sells hardware and software has a project Requirement to migrate legacyInstall base into salesforce CPQ along with the contract. Which objects will need to be populated for this effort?
A Revenue Cloud user story states: 'Sales users should have the ability to create new quotes with established rate cards and account specific discounts because current customers are entitled to the pricing that was originally negotiated'. In addition to loading data to Accounts, Contracts, Quotes what other objects will need to absorb legacy data?
A Revenue Cloud customer has posted an invoice and now wants to add on more items from another order associated to that account. Without using invoice batches, how can this be accomplished?
An invoice run with a target date of 6/1/20 has completed with no errors.an orderproductwith a next billing date of 6/1/20 did not generate an invoice line.which of the following ields might hold a value that would account for this?

Question 70 - Certified Revenue Cloud Consultant Accredited Professional discussion

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After a Contract has been created and activated, what is an appropriate use of automation to support renewals?

A.
Renewal Quoted should be checked as early as possible, and Renewal Forecasted should be checked when the quote is due for renewal
Answers
A.
Renewal Quoted should be checked as early as possible, and Renewal Forecasted should be checked when the quote is due for renewal
B.
Check both Renewal Forecasted and Renewal Quoted fields simultaneously, as soon as the contract is activated
Answers
B.
Check both Renewal Forecasted and Renewal Quoted fields simultaneously, as soon as the contract is activated
C.
Check both Renewal Forecasted and Renewal Quoted fields simultaneously, closest to the renewal date
Answers
C.
Check both Renewal Forecasted and Renewal Quoted fields simultaneously, closest to the renewal date
D.
Renewal Forecasted should be checked as early as possible, and Renewal Quoted should be checked near Contract End Date
Answers
D.
Renewal Forecasted should be checked as early as possible, and Renewal Quoted should be checked near Contract End Date
Suggested answer: D

Explanation:

Salesforce Revenue Cloud allows businesses to automate key processes related to recurring revenue models1. The 'Renewal Forecasted' field should be checked as early as possible to allow for accurate forecasting and planning. This helps businesses anticipate future revenue and make informed decisions about resource allocation and strategy. On the other hand, the 'Renewal Quoted' field should be checked closer to the Contract End Date.This is because the quote for renewal is typically generated and sent to the customer near the end of the contract term, allowing for any changes in pricing, terms, or services to be included21.Reference

Revenue Cycle Management Software by Revenue Cloud - Salesforce

Salesforce Introduces Revenue Cloud to Help Businesses Accelerate Revenue Growth Across Any Channel - Salesforce Sales

Manage Contracts and Renewals Unit | Salesforce Trailhead

A Guide to Recurring Revenue Enablement with Salesforce

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asked 23/09/2024
Albaladejo Joffrey
37 questions
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