Kolleno Solutions
Kolleno Payments
🚨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 📋
- Navigate to Subscription List
- Go to Transactions > Subscriptions > Create Subscriptions > List.🔍
- Select the subscription you want to renew and click Edit.
- 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.
- 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).
- 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.
- 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).
- Customer Engagement Timing
- Use the days entered to reach out to customers in advance, for example, to renegotiate terms. 📆
- Final Steps
- Once all settings are complete, click Save.✅
Congratulations! 🎊 You’ve successfully automatically renewed a subscription in NetSuite! 🌟🎉
If you found this tutorial helpful, please subscribe to this channel for more tips and tutorials. Visit www.KOLLENO.com for more tools to enhance your accounting processes! 🎥
