Why contracts with old end date are not shown Expired

Summary:

Is there a delivered process, configuration, or a batch tool to set Contracts to Expired automatically?

Content (required):

We have contracts with old end date and still in Active status. We expect them to be Expired once their end date is reached.

Is there a delivered process, configuration, or a batch tool to set Contracts to Expired in bulk automatically?

Version (include the version you are using, if applicable):

23A (11.13.23.01.0)

Code Snippet (add any code snippets that support your topic, if applicable):