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Can Releases be created against BPAs/CPAs created in Cloud (similar to EBS functionality)

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Client is interested in creating releases against Blanket (or Contract) Purchase Agreements in Cloud. The functionality they are inquiring is similar to what happens in their old EBS environment.

In cloud there is no concept of Release with incremental Release number against a blanket/contract agreement. Can this functionality be achieved in cloud which is similar to EBS ?

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