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Renewals

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edited Sep 14, 2020 7:21PM in Enterprise Contracts 2 comments

Summary

How to setup and manage contract renewals.

Content

Hello, I am a new user to Oracle Procurement and we are getting ready to go live.  My question is how do organizations manage contract renewals in Oracle?  My organization has a lot of recurring spend, or in other words, contracts that have spend year after year.  My education so far has told me the best way to do this is through a Blanket Purchase Agreement setup.  I am also aware that the procurement contracts functionality also has renewal management as well.  How do folks manage renewals commonly in Oracle?

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