Empower your business with seamless crm opportunity management in NDAs

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[music] Hello my name is Mike. In this tutorial you will learn how to manage recurring opportunity schedules for your subscriptions or other services. Your sales organization sells hardware and associated service plans. You need to add a Gold service plan to a deal with your prospect, Pinnacle. This one year deal is part of a standard discount with a new hardware purchase. To begin, click Add... Then add the service plan to the opportunity. The monthly discount price for the Gold plan is one hundred and fifty dollars. Associate the monthly schedule with the service plan. You want the service plan billed on a monthly basis. The opportunity close date is automatically set as the default start date. Set the service to span 12 months. You could pick an end date and the application would set the number of transactions for you. The monthly quantity and amount are defaulted from what you enter for the product. The application accepts the quantity and amount and repeats it across the 12 months that you picked as your date range. You can add more transactions, such as a one-time charge, if you want, but this looks great. The amount is calculated for the 12 months in the Products table. Now you just need to save, and your opportunity is updated. Your customer has requested a deeper discount, and your manager has agreed to it. You can easily edit the schedule. You can replace, extend, or delete the schedule entirely. In this case, since your manager has agreed to a price of $100 per month, instead of updating the 12 transactions one by one, you can just replace the entire schedule. There – you’ve just replaced the old schedule with a new one. If the customer decides to continue with the service plan for the next year, you can go to the opportunity schedule and extend it for another 12 months. You can also start your new schedule prior to the end of your current schedule. In this case, the system replaces all existing transactions with a close date later than the new schedule’s start date. Now you just need to review your changed schedule. Looks just fine. All done! Your recurring revenue schedule is now in place. Thank you for watching. [music]