Summary of Creating a Product with Salesforce Revenue Lifecycle Management (RLM)
The video provides a detailed walkthrough of creating and managing products using Salesforce Revenue Lifecycle Management (RLM). The presenter demonstrates how to add existing products to a quote, create new products, and ensure they are available for quoting.
Main Financial Strategies and Business Trends:
- Product Management in Salesforce: Emphasizes the importance of effectively managing product catalogs and pricing within Salesforce for streamlined Sales Processes.
- Integration with Sales Processes: Highlights how the management of products and pricing directly impacts sales efficiency and customer experience.
Methodology/Step-by-Step Guide:
- Adding a Product to an Existing Quote:
- Navigate to the quote.
- Browse the catalog and select the desired product.
- Modify quantity and save the quote.
- Creating a New Product:
- Access the Product Catalog management homepage.
- Click on "new" to create a new product.
- Fill in product details (name, product code, family, Pricing Model).
- Set the product as active and save.
- Assigning the Product to a Price Book:
- Add the standard price for the product.
- Ensure the product selling model is set correctly (e.g., one-time, term-based).
- Adding the Product to a Catalog:
- Select the catalog and the appropriate category.
- Assign the newly created product to the category.
- Syncing Pricing Data:
- Navigate to setup and find pricing setup options.
- Click on "sync pricing data" to ensure the new product is available for quoting.
- Finalizing Availability:
- After syncing, return to the quote to confirm the new product is listed and available for addition.
Presenters/Sources:
- The video does not specify individual presenters but appears to be a tutorial likely provided by Salesforce or a Salesforce expert.
Notable Quotes
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Category
Business and Finance