Lifecycle APIs and amendment and renewal pricing
How integrations amend, renew and cancel assets through the Initiate Amendment, Renewal and Cancellation actions, what access the lifecycle APIs need, how Get Renewable Assets Summary feeds renewal forecasts, and how asset pricing fields and LIFO price amendments and renewals.
Given a scenario, implement a solution using the appropriate out-of-the-box Asset Management functionality.
~6 min read · 10 practice questions ·
What the exam expects
- Grant an integration user the access the Customer Asset Lifecycle Management APIs require.
- Configure Initiate Amendment, Initiate Renewal and Initiate Cancellation requests: output type, start dates, skipPricing and the single-price-book rule.
- Use Get Renewable Assets Summary to create renewal opportunities, and map the fields it needs.
- Choose Pricing Type for Renewal, Pricing Type for Quantity Increase and Pricing Source on an asset.
- Price negative amendments and know the licence limit on renewing expired usage-based assets.
Key terms: lifecycle APIs (the Initiate Amendment, Renewal and Cancellation invocable actions); output type (the input choosing a quote or an order); skipPricing (the input that skips the pricing procedure); Last Negotiated Price (a pricing type that reuses the asset's negotiated price); LIFO (last in, first out pricing of negative quantity changes).
Key facts
- Detail
- Access Customer Asset Lifecycle Management APIs plus Read on four asset objects
- Detail
- API version 60.0 and later
- Detail
- API version 64.0 and later; true skips the pricing procedure
- Detail
- Required for early and expired renewals; today or later
- Detail
- One price book per request
- Detail
- Reads OrderEntitiesMapping in SalesTransactionContext
- Detail
- LastNegotiatedPrice or ListPrice
- Detail
- Last In First Out across prior sales
- Detail
- Advanced only; not with Billing added
Sources for this section (8)
- AssetStatePerioddeveloper.salesforce.com (opens in a new tab)
- Initiate Renewaldeveloper.salesforce.com (opens in a new tab)
- Initiate Amendmentdeveloper.salesforce.com (opens in a new tab)
- Initiate Cancellationdeveloper.salesforce.com (opens in a new tab)
- Renewable Assets Summarydeveloper.salesforce.com (opens in a new tab)
- Assetdeveloper.salesforce.com (opens in a new tab)
- Amend with the Viewerhelp.salesforce.com (opens in a new tab)
- Renew Expired Assetshelp.salesforce.com (opens in a new tab)
- Why does an Initiate Cancellation request return a requestIdentifier?
- When can an Initiate Renewal request include renewEndDate?
- Which objects should get matching fields and mappings for Get Renewable Assets Summary?
- From which API version is Get Renewable Assets Summary available?
The questions are free to read. Answers with their sources and self-grading are included with the pack.
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