Improved Contract Validation Message During Retroactive Amendment

When a project contract with an amendment effective date before today's date is validated or submitted for approval, the contract administrator is warned that the amendment could result in credit memos or revenue reversals. The suggested resolution is to set the amendment effective date to today's date to avoid adjustments for any bill transactions before the current date.

The business benefits include an enhanced message warning the user that the amendment could lead to bill transaction adjustments, and the resolution provides possible options to avoid it.

Steps to Enable

You don't need to do anything to enable this feature.

Tips And Considerations

The severity of this contract validation message can optionally be set to 'Error', as illustrated below. This ensures that the project contract amendment can't be activated with an amendment effective date before today's date.

Navigation: Contract Management-> Contracts-> Tasks->Manage Contract Validations

Access Requirements

No new access requirements.