What is the appropriate solution to address this Requirement?

A Revenue Cloud Project has a requirement where a Product can be either taxable or tax-exempt depending on a custom field that holds the industry.

What is the appropriate solution to address this Requirement?
A . Use Automation to set Tax Treatment Based on the value of the custom field.
B . Use Automation to set Billing Rule Based on the value of the custom field.
C . Use Automation to set Tax Rule Based on the value of the custom field.
D . Use Automation to set Revenue Recognition Rule Based on the value of the custom Field.

View Answer

Answer: A

Explanation:

In Salesforce Revenue Cloud, tax treatment can be automated based on the value of a custom field. This is particularly useful when a product’s tax status (taxable or tax-exempt) depends on a specific attribute, such as the industry in this case1. By using automation, the system can automatically determine the appropriate tax treatment for each product based on the industry value in the custom field1. This not only ensures accuracy but also improves efficiency by eliminating the need for manual intervention1. Reference

Salesforce Introduces Revenue Cloud to Help Businesses Accelerate Revenue Growth Across Any Channel – Salesforce Sales