Did you know that SAP Business One has a robust special prices for Business Partners feature? That’s right! SAP Business One can help you manage all your special prices by Business Partners automatically so that you don’t have to. Why is this feature so important?
- Accuracy – Eliminate the potential for human error.
- Convenience – Documents get entered faster because you don’t have to manually calculate discounts.
- Efficiency – Don’t waste time checking every row on your document to see if a discount was missed.
Defining special prices for Business Partners is a requirement that comes up often. For example, you may need special prices for an item for a particular customer or vendor. You may also want to specify special prices or scaled discounts for a particular customer based on a specific date range, or based on the quantity ordered, or both.
Practical Examples of Business Partner Special Pricing
To put this in context, here are just a few ways that special prices for Business Partners can work for you.
Set Period Discounts
You can define special prices for certain items to specific a Business Partner for a period of time. For example, let’s say you’re having a Boxing Week sale from Dec. 26 to Dec. 31 for all of your customers and you want to blow out specific items at 75% off! Simply pick your items (you can even select entire item groups), enter your date range and discount, and pick which customer this should be applied to. Keep in mind, you can also copy this special price definition to other specific customers and/or to entire customer groups too. Now when you enter a document for a Business Partner within this date range, SAP Business One will automatically apply a 75% discount to any item that was defined within your special price list!
Assign Volume Discounts to Business Partners
You can define volume discounts for specific Business Partners too! Let’s say you’d like to offer your customers tiered pricing if they buy certain quantities. For example, if a customer buys 1–99 sleigh bells they get a 10% discount, if they buy 100–199 they get 20%, and if they buy 200 plus sleigh bells they get 30% off.
Combine Period Discounts & Volume Discounts
You can also combine period discounts with volume discounts. For example, you could define these volume discounts to only be applicable within a specified date range. Also, for your convenience, SAP Business One will automatically revert back to the normal Business Partner prices once this period has expired.
Tips for Using Special Pricing
Keep in mind, you can assign discounts to particular item groups, items with particular properties, or manufacturers regardless of the Business Partner. And if you do not want special prices to depend on a Business Partner you can simply just define special prices against a price list too.
Lastly, you can conveniently update special prices globally too. This means you can update percentages, prices, and even delete special prices definitions entirely instead having to do it individually.
SAP Business One’s special pricing features, particularly special prices for Business Partners, is a robust and powerful tool that can really help you manage discounts automatically, especially on a grand scale. This is particularly true if you have many Business Partners and tons of items. Setting up these special prices is easy and you’ll see the benefits – Accuracy, Convenience and Efficiency (ACE). So go be an ACE and set these up today!