Internal Contracts Review, Validate and Submit Contract for Approval


Internal Contracts – Review, Validate and Submit Contract for Approval

Click on the ‘Contracts’ sub-menu under the ‘Contract Management’ menu from the Oracle home page.

Click 'Contracts'

Navigate to ‘Manage Contracts’ from the Task list to enquire about the existing contracts.

Click 'Manage Contracts'

Enter the values like Name, Number, Party Name, Contract Owner, Business Unit, Start Date, End Date etc. in the search parameter and click on ‘Search’.

Click 'Search'

Oracle Cloud will show the result based on the values entered in search parameters. Select the Contract in which you want to Review, Validate and Submit for approval and click on the Contract number hyperlink.

Click 'Columns Hidden18'

Another way to edit the existing contract is to click on the ‘Edit button from the ‘Actions’ button LoV or Click on the pencil icon to edit.

Click here

Navigate to the ‘Financial Summary’ section and review the details of Contract Amount, Contract Line Amount, Contract Line wise Invoiced and Revenue Amount.

Click here

Navigate to the “History” section. Scroll down to see the different types of Dates such as Approved Date, Signed, Closed Date, Close Reason, Version details and Approval history.

Click 'DatesApproved DateSigned DateClosed DateClose ReasonVersionsViewAbout This RecordColumnsShow AllVersion DescriptionAmendment Effective DateAmount (USD)StatusCreation DateCreated ByVersionManage...'

Review the other contract details such as Contract Header, Contract Lines, Bill Plan, Revenue Plan, Associated Projects, Parties, Billing Information, Documents etc. by navigating to the respective section.

Click here

Once reviewed, Click on the ‘Validate’ button from the ‘Action’ LoV. Oracle Cloud will validate the contract and give you the errors and warnings, if any.

Click here

On the Validate Contract page, verify the validation results and click on ‘Done’ to confirm the validation. All the errors must be resolved before submitting the contract for approval.

Click here

Once all the errors have been resolved, then the contract is ready for submission. Click on ‘Action’ and select the ‘Submit for Approval’ button to initiate the contract approval process.

Click 'Submit for Approval'

If required, provide the comments to the approver in the “Comments” section and see the contract approver details below.

Click 'OptionsShow allExclude system approvalsCombine Repeated ApprovalsOptions ApplyResetResetReset to DefaultButton has a popup, press down arrow key to access the popup.'

Click on ‘Submit’ to submit the Contract for approval.

Click 'Submit'

Once the contract is in the approval workflow, the contract status will be ‘Pending approval’. Click on the Oracle home page to complete the process.

Click 'Pending approval'Thank you for reviewing and using our guide; we hope you have found it helpful. If you have any questions on the content included in this guide, please contact our Training & Learning team at learn@camptratech.com

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