The Total Contract Value (TCV) is calculated per subscription in the following way:
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TCV is calculated or recalculated on each of these events in the following way:
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a subscription is created (Sales Order): TCV = Sum (predicted charges till the end of the subscription period)
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changes are made to a subscription (Change Order): TCV = Sum (historical charges) + Sum (predicted charges till the end of the current subscription period)
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a subscription is canceled (Cancelation Order): TCV = Sum (historical charges)
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a subscription is renewed (Renewal Order): TCV = Sum (historical charges) + Sum (predicted charges till the end of the new subscription period)
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the price changes: TCV = Sum (historical charges) + Sum (predicted charges till the end of the current billing period) + Sum (predicted charges starting from the next billing period to the end of the current subscription period)
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TCV is calculated for a subscription as a whole as well as per resource. Rating is performed for all tiers including vendor costs.
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TCV is calculated as a sum of all fees without a breakdown to setup, recurring, subscription, and other fees.
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TCV is calculated for the whole subscription period (from the start date to the expiration date)
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Two TCV values are calculated:
- TCV without discounts and promotions
- TCV with all applicable discounts and promotions
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TCV is calculated without usage.
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TCV is calculated without taxes.
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TCV data is stored in the Billing database.