With this feature, QuotinBill quotes module will be able to generate discounts or promotions taking into consideration the following specifications

1) Apply discounts to the product price (one-time charge or MRC). The amount to be applied could be a fixed amount or a percentage of the product final price

2) Apply time-sensitive discounts (fixed and percentage). For example, giving a 20% MRC discount for the first 6 months and after that full price will fall back to the rest of the invoices.

3) Volume or tier discounts. This means if a particular product is sold in certain amounts the unit price will have an applied discount. Product A final price is $40 one time. But if sold more than 10 units at a time. a $10 one time discount will be applied.

4) Automatic time-bound promotions. Promotions will function based on discounts functionality but it will be triggered and turned off both automatically or user-initiated. Example: a Spring Promotion from April 1st to April 30th Product A will have a 30% discount on MRC price. All quotes generated on or after April 1st will have the promo applied (both automatically or user-initiated) until April 30th. And after April 30 pricing will fall back to normal.