Examples of using renewal options
The examples in this section describe several possibilities for registering and using renewal options. All combinations of the listed examples are permitted. Executing options can be done in three ways:
• Manually: by changing the status of the option from Active to Applied;
• Manually: by using the Automatic renew action on the Contracts selection level (if the proposed expiration date – term of notice is before the current system date, the option with the highest priority will be executed.);
• Automatically: by using an action definition in the Alerts TSI (if the proposed expiration date – term of notice is before the current system date, the option with the highest priority will be executed.).