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Create a Pricing Procedure for Vehicle and Asset Lending

Create a pricing procedure that uses the decision table and context definition to determine the interest rates of vehicle loans and leases. These interest rates are used to calculate the offers presented to applicants during the application intake process.

Required Editions

Available in: Enterprise, Unlimited, and Developer Editions.
User Permissions Needed
To create a pricing procedure: Salesforce Pricing Design Time permission set
  1. Update the pricing recipe.
    1. In Setup, in the Quick Find box, enter Pricing Recipes, and then select Pricing Recipes.
    2. Click NGPDefaultRecipe.
    3. Select the Price Adjustment Matrix tab and click Modify.
    4. Verify that this lookup table is added and save your changes.
    • Lookup Table Name: ProductListRateDT.
    • Type: Decision Table.
    • Pricing Component Type: List Price.
    • UnitPrice List Price Variable Mapping: ListRate.
  2. Create a pricing procedure.
    1. From App Launcher, find and select Pricing Procedures.
    2. Click New.
    3. Enter name as ApplicationFormProductProposal.
    4. Select Pricing as the usage type.
    5. For context definition, select ApplicationFormProductProposal.
    6. Save your changes.
    7. On the Details tab, in the Pricing Procedure Versions section, click the pricing procedure version that you want to work on.
    8. In the Pricing Procedure Properties tab of the Pricing Procedure Builder, expand Advanced Details, and enter Rank as 1.
  3. Create a resource to store the price.
    1. In the Resource Manager tab, click Add Resource.
    2. For Type, select Constant.
    3. Enter a name. For example, DummyPrice.
    4. For Data Type, select Number.
    5. Enter a default value of 0.
    6. Enter other details as required.
    7. Click Done.
  4. Create a resource to store the quantity.
    1. In the Resource Manager tab, click Add Resource.
    2. For Type, select Constant.
    3. Enter a name. For example, DummyQuantity.
    4. For Data Type, select Number.
    5. Enter a default value of 1.
    6. Enter other details as required.
    7. Click Done.
  5. From the elements tab, drag the Pricing Setting element to the canvas and enter these values.
    1. For the Line Item input variable, select UniqueId.
    2. For the Net Unit Price output variable, select the resource you created in step 3.
    3. For Subtotal output variable, select InterestRate.
  6. From the elements tab, drag the List Price element to the canvas and enter these values.
    1. For the Lookup Table Details field, select Product List Rate Decision Table.
    2. For the Product input rule variable, select ProductId.
    3. For the Quantity input variable, select the resource you created in step 4.
    4. For the List Price output variable, select InterestRate.
    5. For the Subtotal output variable, select InterestRate.
  7. Repeat step 6 for all the products for which you want to determine the list rate.
    To add other pricing elements such as price adjustment matrices for calculating dynamic interest rates for offers, see Extend the Pricing Procedure for Vehicle and Asset Lending with Adjustments.
  8. Save your changes and activate the procedure.