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Contract Commitments are configured in Account / Profile / Contracts |
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The information in this panel reflects the currently selected account contract. From here you can change contract details (fields will display a red left border if a value is required and purple text if the field is read-only and cannot be modified).
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Term & Unit: allows you to set the contract term length, e.g. 1 year
Extend End Date on Activations: if this option is selected the end date of the contract will be extended when a package or service under commitment is added to the account. The time extended will be equal to the full contract length. For instance if a service under commitment is added to an account which is under an annual account contract then the contract term will be extended a full year from the point of date the new service 's activationwas created. E.g. a service activated added on July 5th will extend the annual term contract to July 5th the following year. If a service/package is added to the account and that service/package is not specified on the Commitments tab then the contract end date will not be extended
Start Date: when the contract term begins. This can be a past, present or future date. Past dates cannot go further back in time than the last invoiced period. The Start day must be between 1 and 28.
End Date: a read-only value that is automatically calculated. This value will equal the contract start date plus the contract term length
Renew Type: specifies how the contract should renew or terminate at the end of its term
Expires at End of Term: if set the account contract will expire at the end of the contract term
New Contract: if set a different contract of your choosing will take effect when the account contract term expires. The new contract can have entirely different terms and commitments. E.g. if you want to switch to a monthly contract term after the initial contract expires you would use this setting. When New Contract is selected a 'Renewal Contract' field will appear allowing you to specify the contract that will take effect once the current contract expires. If the required terms and configuration of the renewal contract remain constant you can configure the new contract to Auto Renew, eliminating the need to specify further renewal contracts to use. Before you can specify the renewal contract you will need to create it, see the adding account contracts guide for contract creation instructions
Auto Renew: sets the contract to renew with the same term length and configuration. For instance if the contract has a commitment of a minimum invoice charge of $2000 per invoice then this commitment will also apply with the new contract. If your initial contract has ramp up commitments (e.g. minimum count of 50 of Package X's for the first 6 months, then a minimum count of 75 Package X's for the next 6 months) you will want to use the 'New Contract' setting above to ensure that when the contract is renewed the commitments don't reset back to a lower commitment level. When Auto Renew is selected a 'Renewal Status' field will appear, this field allows you to set the status the renewed contract will start in (active, pre-active, etc.)
Termination Status: sets the contract termination status. E.g. if you have a termination status called 'Renewed' you could set that status when the contract is configured to auto renew. This field is used to indicate how the account contract ended (did it expire and not renew, did it renew, etc.). The termination statuses you see here are custom and dependent on how the system has been configured to suit your tracking and reporting needs
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