Welcome to our comprehensive FAQ series on Salesforce's Revenue Cloud Advanced (RCA), also previously known as Revenue Lifecycle Management (RLM). In this series, we'll break down the key modules, features, and benefits of RLM, helping you understand how this powerful solution can transform your revenue processes. Whether you're a Salesforce customer or partner, this guide will provide clear answers to your questions and help you unlock the full potential of Revenue Cloud Advanced for your business. Dive in and discover what RCA can do for you!
What is Revenue Cloud Advanced (RCA)?
Salesforce Revenue Cloud Advanced is an all-in-one solution that combines CPQ (Configure, Price, Quote), Billing, Subscription Management, E-Signature, Document Generation, and more, all within a single Salesforce platform. Built using Salesforce's own technology along with key acquisitions like SteelBrick and Vlocity, it’s perfect for businesses looking to manage their entire revenue lifecycle on Salesforce, eliminating the need for other systems like NetSuite or Stripe.
Revenue Cloud Advanced (RCA) has 7 core pillars:
Product/Service Design
Pricing Management
Configure, Price, and Quote
Contract Lifecycle Management
Order Management
Billing
Revenue Lifecycle Intelligence
Whys is RCA Unique?
RCA is a complete solution for managing the entire product-to-cash process. Its flexibility stands out, and some of its unique features include:
A single product can have multiple selling models, like one-time, monthly, or yearly subscriptions.
Products can be organized using catalogs and categories.
Pricing waterfalls can be defined with ease.
Complex pricing is handled through advanced pricing procedures.
Both one-time and subscription products can be tracked as assets.
The ability to amend and renew specific assets directly from either the contract or account.
Stay tuned as we dive into more pressing questions about RCA in tomorrow's post!
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