Exact Extracts from Salesforce Subscription Management Implementation Guide:

“Lot-based or As-is Renewals allow renewal quotes or orders to use the customer’s last negotiated pricing and quantities from existing assets.”

“This feature ensures that renewals reflect the same commercial terms from the current assets, even if list prices have changed.”

“Enabling As-is Renewal simplifies renewal creation and ensures pricing consistency for multi-term or upsold subscriptions.”