A mechanism where earnings are a fixed percentage of the price that is associated with each turnover line - this percentage is independent of turnover.
Price lists must be configured that determine the price that is associated with each turnover line for a deal.
A deal for which the earnings are 5% of the price of turnover.
You will be required to:
Enter the ‘Fixed % of Price’ value, which must be a positive or negative integer value (between -100% and 100%).
Select a price list that the system will use to find a matching price for each turnover line.
Select one or more items for each dimension that has been configured for you as included items for the deal.
DealTrack will select matching turnover lines for the deal, based on:
The trading partner to which the deal belongs.
Your dimension item selections.
The start and end date of the deal.
The currency of the parent scheme.
To determine the price for each matching turnover line, the system will find the price list entry that is associated with the same dimension items and trading partner as the turnover line. If this price list entry does not exist in the price list or does not have an associated price, then the earnings for this turnover line will be 0. If this price list entry does exist with a price, then the system will calculate the turnover line’s earnings by applying the ‘Fixed % of Price’ value to the price, and then multiplying the result by the turnover line’s volume.
Consider for example a deal that has a Fixed % of Price’ value of 5%, and a turnover line with a volume of 10,000 and an associated price of £1.50. DealTrack will calculate the earnings for this turnover line as 5% x £1.50 x 10,000 = £750.
You will be able (but not required) to tick the ‘Lock Prices to Specific Version’ tick box for a deal. This option is not ticked by default. When the ‘Lock Prices to Specific Version’ box is ticked, you will need to select a price list version for the deal and the system will only use the prices from this selected price list version. This means that no subsequent or preceding price list versions which are configured for the selected price list will be used when calculating the earnings for this deal.
When the ‘Lock Prices to Specific Version’ option is not ticked, the system will use the prices from the price list version that is ‘Active’ for each turnover line. The ‘Active’ price list version for a turnover line is the latest price list version with a start date that is on or before the transaction date for the turnover line.