Renewal Period

The Renewal Period tab on the Master Agreement (MA) transaction lists the amount of time allotted to renew the agreement with the vendor after it expires, and the number of days before the agreement expires that the buyer should be notified. The Renewed check box is selected if the period was renewed and is populated from the Renew Agreements batch job or when the Create MA Transaction for Renewal process for the RN transaction finalizes.

Required/Conditionally Required Fields