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HP iQuote now supports additional margin calculation

January 24, 2014

Companies that operate Cost Plus margin are now supported. HP iQuote’s International reach means that it encounters different accounting practices. A recent experience has been that there are countries where Retained Margin is not common (the HP iQuote default margin calculation). Instead, Cost Plus is the standard calculation in this region.

Calculator

To ensure that HP iQuote fits a country rather than a country fitting HP iQuote, there is a new “Host Variable” which means a Distributor or Reseller that hosts HP iQuote can choose whether the margin calculation is Retained Margin or Cost Plus.

Example: Cost Plus is €100 * 1.05 and Retained Margin is €100 / 0.95.

To request a change from Retained Margin to Cost Plus simply contact channelcentral.net via the Feedback Form requesting this change.

If you have any feedback on this new feature please also use the Feedback link in HP iQuote or visit the HP iQuote User Group on LinkedIn.

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