Automatically Renewing a Subscription in NetSuite

🚨How to Automatically Renew a Subscription in NetSuite SuiteBilling 🚨

This tutorial will guide you through setting up automatic renewals for subscriptions in NetSuite SuiteBilling.

Step-by-Step Guide 📋

1. Navigate to Subscription List
   • Go to Transactions > Subscriptions > Create Subscriptions > List.🔍
   • Select the subscription you want to renew and click Edit.
2. Access Renewal Settings
   • In the subscription page, go to the Renewal subtab.⚙️
   • Choose settings for Default Renewal Term and Renewal Method:
     • Options include extending the current subscription or creating a new one.
3. Set Renewal Subscription Details
   • Choose the Default Subscription Plan and Price Book for the renewal.📝
   • Define the Transaction Type (e.g., Estimate, Opportunity, Sales Order).
4. Configure Uplift Pricing
   • If Uplift Pricing is enabled, specify the percentage increase to apply to the renewed subscription.📈
   • The Uplift Table will reflect these configurations based on your renewal settings.
5. Set Up Automatic Renewal Process
   • Check Automatically initiate renewal process to automate.⚡️
   • Enter the number of days before the subscription end date to begin the renewal (recommended 30 days).
6. Customer Engagement Timing
   • Use the days entered to reach out to customers in advance, for example, to renegotiate terms. 📆
7. Final Steps
   • Once all settings are complete, click Save.✅

Congratulations! 🎊 You’ve successfully automatically renewed a subscription in NetSuite! 🌟🎉

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