Pricelist agreements are contractual agreements with your customers often for a long term of more than a year. When there is a need to revise arises from both parties (your organization or Customer) you can revise the existing pricing agreement and make a new revision.

Navigate to Oracle Pricing Manager responsibility -> Pricing Agreements

Revise Pricing Agreements

1 ) Query the current pricing agreement
2 ) Click ‘Create Revision’
3 ) Enter Revision number
4 ) Enter Revision date (default current date)
5 ) Enter Revision effectivity dates
6 ) Select Revision reason code