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Can we create an Annual Contract Value field in SMC?

in Subscription Management 1 comment

Summary:

Annual Contract Value field is required to keep a track of the actual yearly value of the contract, as and when updated.

Content (required):

Currently, we have Total Contract value in SMC that captures the total value of the contract for the entire term. We also have an annualized Total Contract value, that is the average of the TCV value for each year. However, do not have an avenue to find the actual value of a contract for 1 year, if there have been some amendments or bill updates to it.

Eg: Today we have a 5 year contract in SMC with a TCV of $2000. So,

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