Life cycle
Planon's life cycle concept allows you to keep track of changes that have been made to a contract in the course of time. A contract life cycle can be defined as a series of stages through which a contract passes during its lifetime. A contract has a start date and an end date. In the period in-between, a contract can enter various stages depending on the changes that are applied to its data. Changes can be applied to:
• General contract data, such as contract period, accepting and offering contracting parties etc.
• Contract line data, such as the price agreement, indexation method and cost center etc.
The Contract lines > life cycle selection step provides information on a contract line’s life cycle.
The
Reference date feature allows you to view a contract’s progress on a specific date for a particular contract or a contract line.
For details on using reference dates, see
Reference date.