Governance & Collaboration
Working with your team to build, edit, approve and evaluate a pricing model
Last updated
Working with your team to build, edit, approve and evaluate a pricing model
Last updated
Whether you've built the first version of a totally new pricing model, or you're making changes to a new version, the best way to keep all of your team members in the loop is to summarise the changes in release notes.
At the top of each draft version on the 'Process' tab, you'll have the option to write your own summary or generate a summary with AI in the top right.
Use rich text formatting to write your own summary, or get Swallow to write the release notes for you automatically, based on the changes you've made to your model.
Whichever option you choose, you'll be able to edit the notes at any time before you've clicked the final 'Approve' button to lock in any changes. You won't be able to edit the release notes once your version is approved.
All notes will be viewable from the project overview screen, whether on a draft or approved version.
Upload any files or documents that support the price change that’s been made to give any reviewers wider context, such as presentations about a price change that were made to an internal committee.
Accepted file types currently include PDF, PPT, TXT, XLS & CSV.
This will help you build an internal knowledge base about your model, and is useful from a regulatory perspective as you'll have a paper trail for audits in one place.
Any team member can add to the checklist of task items for the model.
These could be actions from meeting, or standard processes that must be completed before your model can be approved and published.
Tasks are optional, there is no setting to enforce all checkboxes on the task list to be ticked before a model version can be approved. However, the approver can choose to not to approve if tasks are not completed.
You can review a brief summary of changes to the latest version build, showing steps added, changed or deleted. This is a detailed model view. It shows the exact model changes.
Once you're happy your pricing model version, all project team members with approval permissions must switch the approval toggle in the 'Version Team' section to approved.
Once all members of the version team have changed their toggle to approve the model, the 'Approve' button in the left-hand navigation bar can only be clicked by member of the team with an approver role. This will lock in all changes to the current version. This will then become the basis of the next version.
Once your model is approved, a 'Publish' button will appear.
On published, the new model version will be distrobuted to the cloud and served on the project URL. This can take up to 5 minutes for the model to be served globally.
To create a new version from the most recently approved or published model, click the 'Create New Version' button in the top right of your screen. This will create a new draft model for you to edit.
To delete a current draft version of your pricing model, click the 'Delete' button on the left-hand side of the screen on the 'Process' tab.
Please note, this action cannot be undone, and deleted versions are not archived anywhere.
If you have admin permissions, you may want to go to the account-level in theAccount Management section to see account-level actions in more detail.
