Budget Allocation

 Hello Team,

  Do we have any concept as multi year budget which supports in oracle purchasing?.

Let me give an example our client procure services  from a  supplier which has 3 years 

of contract .The contract value is 300000 USD,can i equally allocate the budget for 

100000 for each year.Whereas once the po is approved the total amount(300k) is

reserved from budget. 

As these are fixed value contracts with multi year,supplier will agree for it.

If it is a one year or so the value increases.  

Do we have any feature/functionality in purchasing?

Regards,

Sri.