How You Consolidate Multiple Renewal Contracts
Renewal Consolidation addresses the problem of multiple contracts expiring during a given period causing multiple renewals to happen simultaneously. With Renewal Consolidation, all the contracts to be renewed over a given period are consolidated into a single renewal contract.
A contract is eligible for consolidation into a target contract if these conditions are true:
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The contract has the same Contract Type, Business Unit, Legal Entity, Primary Party, Pricing Strategy, Renewal Process and Currency.
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The source Contract Line End Date +1 is within the effectivity of the target contract.
If the services are the same on both, the source contract and the target contracts, the covered levels of those services can be merged into one contract line on the target contract. The scheduled process Automatically Renew Eligible Contracts and Contract Lines has a built-in logic to consolidate multiple contract lines into a single contract.