--- sourceDocument: Xanadu Release Notes sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/xanadu/release-notes Release : - xanadu ft:locale : - en-US ft:publication_title : - Xanadu Release Notes ft:clusterId : - rn bundleId : - rn --- # Opportunity Management release notes # Opportunity Management release notes {#ariaid-title1} * Release version: Xanadu * * Updated August 1, 2024 * * ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 2 minutes to read The ServiceNow® Opportunity Management application enables your sales agents and account executives to create and manage opportunities that identify and track the potential sales for your customers. Opportunity Management was enhanced and updated in the Xanadu release. ## Opportunity Management highlights for the Xanadu release {#opportunity-management-rn__opportunity-management-rn-highlights} * Collaborate with your internal and external stakeholders by using the sidebar and Microsoft Teams integration on an opportunity. * Create quotes for the selected line items in an opportunity record by using the new UI action. {#opportunity-management-rn__ul_gns_dlk_mbc} See [Opportunity Management](https://www.servicenow.com/docs/access?context=opportunity-management&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) for more information.{#opportunity-management-rn__opportunity-management-rn-highlights-2} Important: Opportunity Management is available in the ServiceNow Store. For details, see the "Activation information" section of these release notes. ## New in the Xanadu release {#opportunity-management-rn__opportunity-management-rn-new-features} [Use the Sidebar integration with Microsoft Teams](https://www.servicenow.com/docs/access?context=opportunity-management-sidebars-teams&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : Collaborate on an opportunity with your sales managers and solution consultants, or product and legal teams by using the sidebar integrated with Microsoft Teams to close the deal or opportunity. Additionally, you can communicate with the stakeholders through messages, emojis, and attachments. : Note: To use this feature, you must upgrade your ServiceNow AI Platform to Xanadu. To learn more, see [Upgrade to the Xanadu release](https://servicenow-prod.fluidtopics.net/bBAGuprpFe3u5PtP3ypduw "Upgrading and patching your instance requires planning, testing, and validation. To ensure a safe and effective upgrade, read the release notes, create upgrade plans, and test your upgrade on non-production instances before upgrading your production instance."). [Create quotes from opportunity line items](https://www.servicenow.com/docs/access?context=opportunity-management-create-quote-line-items&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : Create quotes by selecting individual line items within an opportunity record. [Location-based transactions for Opportunity Management](https://www.servicenow.com/docs/access?context=location_based_transactions_for_opportunity&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : * Enable agents to specify a customer location in the product catalog and display only the eligible products for that location when they're adding products to opportunities. * Copy products (line items) to other customer locations within the same opportunity. {#opportunity-management-rn__ul_a3f_v5t_bdc} [Sync quote and opportunity](https://www.servicenow.com/docs/access?context=synchronise_quote_and_opportunity&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : * Establish a synhronisation between quote and opportunity to ensure that values across Opportunity-Quote, and Opportunity Line items-Quote Line items are consistent. This synchronisation allows changes to automatically copy into the opportunity record. * Track revenue from an opportunity accurately by keeping opportunities and quotes in synchronisation. {#opportunity-management-rn__ul_im1_bvt_bdc} Subscription revenue metrics : Provide system-calculated recurring and one-time revenue amounts for product and service subscriptions for opportunities. These amounts help sales agents and managers to gain visibility into revenue metrics and recurring revenue dynamics. ## Deprecations {#opportunity-management-rn__opportunity-management-rn-deprecations} The following fields are deprecated in the Details tab on Opportunity record. * Total Monthly Recurring Price * Total Annual Recurring Price * ARR * Budget Type The following fields are depracated in the Details tab on Opportunity Line Items record. * Estimated Unit Price * Estimated Total Price * Total Recurring Price {#opportunity-management-rn__ul_i14_gf4_ddc} {#opportunity-management-rn__ul_udw_bf4_ddc} ## Activation information {#opportunity-management-rn__section_y1d_yc4_ddc} Install Opportunity Management by requesting it from ServiceNow Store.{#opportunity-management-rn__opportunity-management-rn-activation-1} ## Related ServiceNow applications and features {#opportunity-management-rn__opportunity-management-rn-related-apps} [Customer Service Management](https://www.servicenow.com/docs/access?context=c_CustomerServiceManagement&version=xanadu&pubname=xanadu-customer-service-management&ft:locale=en-US) : The Opportunity Management application uses the ServiceNow® Customer Service Management account, consumer, and product inventory data model. Customer service agents have full visibility into opportunities that have been created using Opportunity Management. [Quote Management](https://www.servicenow.com/docs/access?context=quote-management&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : The ServiceNow® Quote Management application enables your sales agents to generate and manage sales quotes for your customers. You can seamlessly convert sales opportunities to quotes when the customer is ready. [Product Catalog Management](https://www.servicenow.com/docs/access?context=product-catalog-managment&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : The Product Catalog Management feature in Sales Customer Relationship Management enables your catalog administrators to create products catalogs with categories that enable agents to navigate and find products and services to add to opportunities. [Pricing Management](https://www.servicenow.com/docs/access?context=pricing-management&version=xanadu&pubname=xanadu-order-management&ft:locale=en-US) : The Pricing Management feature in Sales Customer Relationship Management enables your pricing administrators to set the pricing for products and services that are used in the various Sales Customer Relationship Management applications.