How do you manage Rate Validity and Quote Expiration in AscendTMS?

• A. On quotes, set expiration, auto-expire, prompt for renewal, and alert relevant users before expiry.
• B. Update the rate card manually after each quote.
• C. Disable expiration to keep quotes active indefinitely.
• D. Only expirations are managed by the system administrator.

Answer: (A)

Rate validity and quote expiration are handled by giving each quote a defined expiration date, letting the system auto-expire after that date, triggering renewal prompts, and alerting the right people before expiry. Setting an expiration on a quote clearly marks how long the quoted rate remains valid, which keeps pricing aligned with market changes. Auto-expire ensures a quote cannot be used once its validity window ends, preventing the use of outdated rates. Renewal prompts help you or the customer initiate a refresh before the quote lapses, so you can keep business moving smoothly. Alerts notify the appropriate users—such as sales, pricing, or account management—so everyone stays informed and can take timely action. This approach maintains accurate pricing, improves responsiveness, and reduces missed opportunities. Manual updates to the rate card after each quote don’t address expiration, disabling expiration allows stale quotes to linger, and leaving expirations to an administrator disrupts standard workflows and slows response.