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Fix the status to old contracts

in Enterprise Contracts 2 comments

Hello,

There are many old contracts with Active and Expired status.
These contracts have an old end date and the invoices have already been generated in the past.

These contracts maintain the Active and Expired status and the status does not change.
These contracts have already been operationally terminated. The service was performed, the invoice was generated, the payment was received.

In this case, should the contract have a status indicating that the contract has been successfully terminated?
Is there a status to indicate that the contract was completed and finalized?
I think the correct status should be closed status for these contracts, however, the closed status happens only for reasons as breach or noncompliance in Oracle ERP. What is the correct status for a successfully completed contract? Expired or closed status?

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