SummaryHow to setup and manage contract renewals.
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?