How to Create an Internal Contract from the Contract Template and Contract Header Details
Click on the ‘Contracts’ sub-menu under the ‘Contract Management’ menu from the Oracle home page.
Navigate to ‘Manage Contract Templates’ from the Task list.
Enter the specific details in the search parameters like Template Number, Template Name, Business Unit etc. and click on ‘Search’.
Oracle Cloud will show the result as per the values entered in the search parameters. Select the Contract Template from which you want to create a Contract.
Click on ‘Create Contract from Template’ under the ‘Action’ button.
Enter details on the quick entry page such as the Contract Number and Primary Party. Click on the dropdown, search and select ‘Primary Party’ from the available options.
Enter the other contract details on the quick entry page like the Start Date and End date (which is optional) of the Contract. Contract currency will be defaulted from the template. Change the Currency, if required.
Select the required checkboxes for Other Parties, Bill Plan, Revenue Plan, Lines and Team if you wish to copy these details from the contract template to the contract. Click ‘OK’ to create the contract with the specified details.
Before the creation of the contract into the Oracle Cloud, it will give a warning about the contract end date. Click on ‘Yes’ to proceed with contract creation.
Once you have clicked on ‘Yes’, Oracle Cloud will create a contract with the details stored in the contract template and from the information you provided on the quick entry screen.
Review and update the contract header information such as Name, Description, Tax, Additional information etc. in the ‘Overview’ tab.
Once updated and reviewed, click on the ‘Save’ button to save the contract details. Click on ‘Save and Close’ to save and close the contract for future use.
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