Managing vendor contracts and renewals can be tricky, but our new Vendor Renewal Functionality makes it simple and intuitive. With this feature, you’ll seamlessly track key information such as start dates, term lengths, and auto-renewal statuses while keeping important reminders in mind.

Key Features:

• Vendor Status: Now, each vendor can be marked as active or inactive, giving you clarity on which relationships require attention.
• Comprehensive Vendor Data: In addition to the basic contract details like start date, term length, and contract amount, you can now track payment frequency, end dates, and whether the contract will auto-renew.
• Automated Reminders: The system will notify you before the opt-out period, ensuring no contracts auto-renew without your awareness. You can set the reminder period to match your needs, so you'll never miss an important deadline again.

Reporting and Filters:

• Priority Reporting: Vendors are listed based on the urgency of their renewal dates. This allows you to quickly see which contracts need immediate action.
• Auto-Renew Filters: Filter vendors by their auto-renew status to focus on those that need your immediate attention.
• Contract Status: Sort vendors by status so you can easily manage contracts nearing the end of their term or requiring action.

With our Vendor Renewal Functionality, staying on top of your contracts has never been easier. Make smart, timely decisions without the stress of missed deadlines. Keep your vendor relationships healthy and your renewals under control.