Open APIs

Hello,

We are doing transformation the B2B Enterprise space. There are business requirements to calculate the margin for each quote (a must for a very large TCV deal) and submit a request to the commercial team to perform detailed financial modelling of the deal for min/max discount, margin erosion, FCF etc. We are looking to improve and automate the cost component of the product offering and interface between the CPQ/quoting tool and the commercial team's system. 

With my limited knowledge of TMF, I am looking at

1. TMF 620 Product Catalogue API - There is an extensive model on the price part of the equation but none in the Cost part. May I know whether there is any API and initiative to model the cost? 
2. The TMF648 Quote Management API is used to pass the quote information to a commercial system. Similar to 620, there is a price component but not in the cost. Is there any API which can be used to pass the price and the cost information.

Any pointer or assistance is greatly appreciated. I am also keen to hear from Enterprise peers on this domain.

Thanks in advance.

Steven

Hi Steven

There was work being done on a dedicated Cost API, precisely for this purpose, but it seems to have stalled. I'll try to reach out to the people who were involved in that to see what the status is.

Hello,

We are doing transformation the B2B Enterprise space. There are business requirements to calculate the margin for each quote (a must for a very large TCV deal) and submit a request to the commercial team to perform detailed financial modelling of the deal for min/max discount, margin erosion, FCF etc. We are looking to improve and automate the cost component of the product offering and interface between the CPQ/quoting tool and the commercial team's system. 

With my limited knowledge of TMF, I am looking at

1. TMF 620 Product Catalogue API - There is an extensive model on the price part of the equation but none in the Cost part. May I know whether there is any API and initiative to model the cost? 
2. The TMF648 Quote Management API is used to pass the quote information to a commercial system. Similar to 620, there is a price component but not in the cost. Is there any API which can be used to pass the price and the cost information.

Any pointer or assistance is greatly appreciated. I am also keen to hear from Enterprise peers on this domain.

Thanks in advance.

Steven

Hi Jonathan,

Thanks for the prompt response.

It would be great if you could share the people working on this. I am keen to participate and contribute to the Cost API initiative.

Please DM me if there is non public related information involved.

Hi Steven

There was work being done on a dedicated Cost API, precisely for this purpose, but it seems to have stalled. I'll try to reach out to the people who were involved in that to see what the status is.

Hello,

We are doing transformation the B2B Enterprise space. There are business requirements to calculate the margin for each quote (a must for a very large TCV deal) and submit a request to the commercial team to perform detailed financial modelling of the deal for min/max discount, margin erosion, FCF etc. We are looking to improve and automate the cost component of the product offering and interface between the CPQ/quoting tool and the commercial team's system. 

With my limited knowledge of TMF, I am looking at

1. TMF 620 Product Catalogue API - There is an extensive model on the price part of the equation but none in the Cost part. May I know whether there is any API and initiative to model the cost? 
2. The TMF648 Quote Management API is used to pass the quote information to a commercial system. Similar to 620, there is a price component but not in the cost. Is there any API which can be used to pass the price and the cost information.

Any pointer or assistance is greatly appreciated. I am also keen to hear from Enterprise peers on this domain.

Thanks in advance.

Steven

Hello,

We are doing transformation the B2B Enterprise space. There are business requirements to calculate the margin for each quote (a must for a very large TCV deal) and submit a request to the commercial team to perform detailed financial modelling of the deal for min/max discount, margin erosion, FCF etc. We are looking to improve and automate the cost component of the product offering and interface between the CPQ/quoting tool and the commercial team's system. 

With my limited knowledge of TMF, I am looking at

1. TMF 620 Product Catalogue API - There is an extensive model on the price part of the equation but none in the Cost part. May I know whether there is any API and initiative to model the cost? 
2. The TMF648 Quote Management API is used to pass the quote information to a commercial system. Similar to 620, there is a price component but not in the cost. Is there any API which can be used to pass the price and the cost information.

Any pointer or assistance is greatly appreciated. I am also keen to hear from Enterprise peers on this domain.

Thanks in advance.

Steven

------------------------------
Steven Tan
NCS Pte Ltd
------------------------------

Hi Steven,

We are finalising the Cost model & Cost API documentation in v5 of the TMF APIs. Based on your current explanation of the use case, I believe this use case is already covered. I am scoping a few more weeks to finish off the documentation, once it is completed,  I will put a message here for you to have a check on the model.

------------------------------
Varun Nair
Telstra Corporation
Note: This is an opinion based on my research and not an official TMF response.

Original Message:
Sent: Feb 20, 2024 07:54
From: Steven Tandil
Subject: Cost Model to calculate Margin for a deal (quote)

Hello,

We are doing transformation the B2B Enterprise space. There are business requirements to calculate the margin for each quote (a must for a very large TCV deal) and submit a request to the commercial team to perform detailed financial modelling of the deal for min/max discount, margin erosion, FCF etc. We are looking to improve and automate the cost component of the product offering and interface between the CPQ/quoting tool and the commercial team's system. 

With my limited knowledge of TMF, I am looking at

1. TMF 620 Product Catalogue API - There is an extensive model on the price part of the equation but none in the Cost part. May I know whether there is any API and initiative to model the cost? 
2. The TMF648 Quote Management API is used to pass the quote information to a commercial system. Similar to 620, there is a price component but not in the cost. Is there any API which can be used to pass the price and the cost information.

Any pointer or assistance is greatly appreciated. I am also keen to hear from Enterprise peers on this domain.

Thanks in advance.

Steven

------------------------------
Steven Tan
NCS Pte Ltd
------------------------------