When changing your prices, the prices on the campaigns must be updated.
Price changes typically take effect on a specific date, which may be set in the future. For example, it might be at midnight on January 1st, when the publisher is busy celebrating New Year’s Eve. Therefore, Iteras ensures that the price change can be scheduled in advance.
The way to update campaign prices is by creating a new invoice line on the campaign with the new price. Each invoice line includes some settings where you can choose the date range the invoice line should apply to.
You set the new invoice line to be valid from the date you want the price change to take effect. At the same time, you must remember to set the existing invoice line to be valid until and including the day before, so that there are not two invoice lines active at the same time (as this would result in the subscriber being billed twice!).
Bulk updating prices
If you have many campaigns, Iteras includes a feature for bulk updating prices by a specific percentage. This can also be used even if you don't want an exact percentage—start with an approximate update, and then fine-tune the price on each individual campaign. This will still be faster than creating everything manually.
This option is found under the Account menu in the upper right corner, under the menu item “Automations.” Here, you choose to create a new automation and under Campaign select the option “Change price on invoice lines on campaigns”
First, some criteria must be set for which campaigns should be updated. The criteria may simply be that the campaign must be active - i.e., all active campaigns are updated. But you can also specify which campaigns to update, either by selecting them specifically, or by setting a custom field on the campaigns where the field value determines whether the campaign should be updated. For example, you might divide your campaigns into offer campaigns and ongoing campaigns, and choose only to update the ongoing ones.
When bulk updating, an expiry date is automatically set on the existing invoice lines, as an identical invoice line is created with only a different price and start date.
Note: It is the start of the billed period that determines which price is used, not the time of invoicing! This means that an invoice sent in the middle of the month for a period starting on the 1st will use the new price if the price change is effective from the 1st.
On the campaign overview, the system can display the price as of a specific date. This can be used to check that what you have set up is correct.