Revenue-Cloud-Consultant-Accredited-Professional Exam Dumps : Salesforce Revenue Cloud Consultant Accredited Professional

INVEST is an acronym that stands for Independent, Negotiable, Valuable,Estimable, Small, and Testable12. It is a set of criteria used to assess the quality of a user story in Agile methodologies12. Here’s what each term means:

Independent: The user story should be self-contained, in a way that there is no inherent dependency on another user story12.

Negotiable: User stories, up until they are part of an iteration, can always be changed and rewritten12.

Valuable: A user story must deliver value to the end user12.

Estimable: You must always be able to estimate the size ofa user story12.

Small: User stories should not be so big as to become impossible to plan/task/prioritize with a certain level of certainty12.

Testable: The user story or its related description must provide the necessary information to make test development possible12. References: 12

Salesforce Revenue Cloud allows businesses to automate key processes related to recurring revenuemodels1. The ‘Renewal Forecasted’ field should be checked as early as possible to allow for accurate forecasting and planning. This helps businesses anticipate future revenue and make informed decisions about resource allocation and strategy. On the other hand, the ‘Renewal Quoted’ field should be checked closer to the Contract End Date. This is because the quote for renewal is typically generated and sent to the customer near the end of the contract term, allowing for any changes in pricing, terms, or services to be included21. References

Revenue Cycle Management Software by Revenue Cloud - Salesforce

Salesforce Introduces Revenue Cloud toHelp Businesses Accelerate Revenue Growth Across Any Channel - Salesforce Sales

Manage Contracts and Renewals Unit | Salesforce Trailhead

A Guide to Recurring Revenue Enablement with Salesforce

 To implement the user story of rewarding loyal customers with bulk discounts based on previously purchased quantities, the design of the solution should include the following components:

Contracts, Subscriptions and Assets should be populated with historical data. This is necessary to track the customer’s purchase history and determine the appropriate discount tier for each product or service. Contracts, Subscriptions and Assets are the core objects of Revenue Cloud that store the information about the customer’s agreements, recurring charges, and entitlements. By migrating the historical data from the legacy system to these objects, the customer can leverage the Revenue Cloud features such as renewal management, usage-based pricing, and revenue recognition. 123

Discount schedules with Cross Orders checked. This is the feature that enables the bulk discounts based on previously purchased quantities. A discount schedule is a set of discount tiers that apply to a product or a product option based on the quantity or amount ordered. By checking the Cross Orders option, the discount schedule will consider the quantities from all the orders associated with the same account, contract, or subscription. This way, the customer can reward their loyal customers with lower prices for higher volumes. 45