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Detailed instructions for Enterprise contract renewals

Summary:

Would it be possible to get Detailed instructions for Enterprise contract renewals?


Content (please ensure you mask any confidential information):


Not sure if any client is using this functionality. Somehow very less documentation OR information about this.

Would appreciate if anyone provides information related to this. We have created necessary configurations like "Renewal Rules Templates" and "Manage Contract Rules". However contract rules can only be defined at Contract Type level.

We have standard scenarios like initially contract can be setup of 3 years and it will be auto renewed for every year after that OR

initial contract will be one year and it will be auto renewed every month with the same contract type. Not sure if this can be achieved.

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