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Administrator Guide
Last Updated: 2023-06-23
Steps: Automatically Renew Supplier Contracts

Steps: Automatically Renew Supplier Contracts

The original supplier contract must have an approved supplier invoice or purchase order schedule defined with the:
  • Spread Even
     method.
  • Monthly
     or
    Annual
     frequency.
You can define automatic renewal criteria for:
  • Business document schedules.
  • Supplier contracts.
  • Supplier contract lines.
  1. Include the
    Renewal Terms
     and optionally select
    Scheduled Invoices
     or
    Scheduled Purchase Orders
     attributes in the supplier contract type of the supplier contract.
  2. Specify renewal term options on supplier contracts and lines.
  3. Schedule jobs to send notifications to supplier contract specialists, which list the supplier contracts that are expiring.
  4. Schedule jobs to process supplier contract renewals and business document schedules automatically.
  5. Review renewal processing of supplier contracts.
  6. (Optional) Schedule the
    Schedule Supplier Contract Expiration Notification
     task to notify supplier contract specialists when contracts are in range of expiring.