Contract value calculator

I'd like to be able to automatically calculate the annual or total contract value from a series of inputs e.g. deal unit volume x unit cost x term. (Ideally I'd like to be able to add cost indexation but that's another point)

 

Can you not make a calculable property field in deals that uses basic maths parameters, add, multiply, divide to create an output field that can then be used to create reports ? 

 

It seems a very simple feature, perhaps even chargeable $x per month or only turned on with the reporting package but seems a quick and easy option to add into the property fields.

20 Replies
mhensen
New Contributor

Hi there!

 

I also have the same question, seems quite industry standard.

Normally you'd go: MRR * number of months = total contract value.

Did you get a reply? 

Kind regards,

 

Maarten Hensen


@WV127806 wrote:

I'd like to be able to automatically calculate the annual or total contract value from a series of inputs e.g. deal unit volume x unit cost x term. (Ideally I'd like to be able to add cost indexation but that's another point)

 

Can you not make a calculable property field in deals that uses basic maths parameters, add, multiply, divide to create an output field that can then be used to create reports ? 

 

It seems a very simple feature, perhaps even chargeable $x per month or only turned on with the reporting package but seems a quick and easy option to add into the property fields.


 

HubSpot Product Team
HubSpot Product Team
updated to: In Planning

Thanks for the feedback and the specific example. We are discussing both calculated fields, as well as adding the concept of a "proposal" for a deal. This is very useful.

lucilemathe
Occasional Contributor

I'll be interested in the same feature for calculated my deal BANT score. 

let me know when the feature is in beta. 

palves
Regular Contributor

I have the same request - salesforce had this ability.

In our case I have multiple products that make up a deal. 

I'd like to have the ability to add all these (custom) field values and have it automatically populate the AMOUNT field on a deal.

CTAKevin
Regular Contributor

Escalating on this - HubSpot needs to provide more internal calculating fields.

 

The deal amount is a great example, other example could be the date property.

 

For example, I have the Bill Start Date for a deal as 1/1/2016, and the contract term is 12 months(HS also needs a "Number of Days/Month/Years" property), then I should be able to have a auto-calculated field "Expiration date" as 1/1/2017, and I can use this to set-up my workflow.

 

 

andyb
Regular Contributor

Agree completely.  We really need to track revenue forecast properly - this needs a multi-line Deal facility.

For example,
12 x HS Pro at £650/month 
= £7,800

12 x Management & SEO Services at £500/month = £6,000
1 x Set-up at £2,500 = £2,500
TOTAL = £16,300

Then we need to be able to report on these 'product' lines separately so we can forecast properly - obviously, we don't 'forecast' the monthly fees at the beginning of the deal, but we do the 'one-offs'.

Thanks

annami
New Contributor

agree (espacially with andyb). This is necessary for a proper forecast.


markjnor
Occasional Contributor

Agree.  With different types of revenue formulating in a total deal amount it would be great to be able to automatically add up those sums (represented in different fields/properties) into a total amount field.

HubSpot Product Team
HubSpot Product Team

Hi All, 

 

I posted this on another idea, but wanted to make sure everyone following this thread saw it. We're getting pretty close to having an Alpha version of a products catalog available. If you're interested in joining the Alpha group, please sign up for early access here: https://ux.hubspot.com/products-line-items-early-access

 

Otherwise, we will reach out directly as we move this into Beta. 

carolenytander
New Contributor

Yes please,

we would really appreciate it.

 

BR

Carolen Ytander, Nexus