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Prospective allocation shows incorrect amounts for the second amendment

edited Dec 4, 2024 9:51AM in Revenue Management 2 comments

Summary:

Hi All, We have business requirement to perform amendment to the contract multiple times over the life time of the contract. Please find below one of the scenarios which we generally perform and found that prospective allocation is not giving expected results. Please share your inputs on performing this transaction with perspective allocation.

Step 1 - Creation of contract with 8 lines - Allocation performed as expected

Step 2 - Amendment to Contract (Added one POB's) - Prospective allocation done - Contract Modification date was 20-OCT-2024

Step 3 - Pass the Material Change to update start date on the lines where revenue recognition was on hold. After store opening, we need to assign the Store open date as the start date and start revenue recognition. We processed this step as Material Changes as we cannot update start date with Immaterial changes.

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