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Using Co-Terms

Co-terms refer to the consolidation of the terms for multiple line items. Typically, an agreement has multiple line items for different service products. These service products may have different start and end dates, resulting in different payment schedules. Customers can ask for the consolidation of these terms into one start and end date. Equally, if a new product is being added to an existing service contract and the term is already partially complete, a customer may ask to prorate the charges, based on the remaining term of the contract.

The Agreements screen > List > Financials view can help you to better understand the co-term and prorate choices that are required for an agreement based on its term and the months left. See Financials View for more information.