Contract life cycle activation in a contract

Dennis

Last Update 21 days ago

Trakti offers the chance to automatically set the lifecycle setting of the contract.

This option is available for deals that have already been published or imported and for contract models that you are creating.


To access this option for deals that have been published/imported open My Contracts

Then select the contract by clicking on the contract's title.

And select from the Actions button on the top right of the screen Manage contract lifecycle.

You will then see this page
Each tab allows you to configure specific details that will form the basis of your contract’s automation.

In the Duration tab, you can set the start and end dates of your contract.

In the Renewals tab, you can define whether your contract is renewable by enabling the toggle switch and then configuring the renewal details.

In the Termination tab, you can enable and configure the termination options for your contract.
 

Please remember to save changes once you have finished the process.


When you click on the Save changes button a popup will ask you if you are sure. Click on Yes.

Congratulations! You have set your contract's lifecycle.


You can always change these setting by opening the My contracts section and selecting Manage contract lifecycle from the Actions button.

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