Hello,
We are implementing Ariba Contract Management module. And we have a question around auto-renewals and how to manage them.
We have Auto Renewal contracts but do not have the information on the number of max renewals allowed. How should I set up the attributes for this auto renewal contract?
Renewal Interval (in months) = 12
Maximum number of Renewals =
Remaining Renewals =
Effective Date = 01/01/2015
Expiration Date = 12/31/2015
Is this correct? Will the system auto-renew automatically?
Follow up question: when a auto renewal contract is about to reach the expiration date (in this case 12/31/2015) this will trigger an email to the Notice Period Recipients?
Thank you!