Amount Released not updating on Contract PO?

Hi All,

We have never used Contract purchase agreements before, the business requirement is to be able to track the amount spent against the annual budgeted amounts, so I read up and contract PO seems to be a way that we can monitor that spend but I cannot get it to work.

I created a Contract PO, entered the terms (amount) and approved it.

When I create a requisition using that supplier, and referencing that contract PO in the requisition, it does not update the Contract PO with the amount released, even after the PO is approved, I tried receipting the requisition and the released amount is still zero.