Sales Contract Management Tips                     


IFS provides an easy and flexible end to end sales contract management cycle.                                                                          

 

This Cycle supports from “Contract signing”, “Project Revenue Booking” to “Customer Invoice and Payment”:

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Here are few tips to handle blocking situations in IFS AR sales contract creation and management

1.Awarded Sales contract with active revision is not enough to start evaluation and billing, it’s needed to add a default revenue activity of a project.
2 . Sales contract can only be deleted in enquiry status and for another status a cancelation process to be used
3. For dividing sales contract revenue on various projects,  can connect different project activities at contract item level
4. To avoid updation mistakes on contract items,  use frozen revision and revision approval process on sales contract
5 . Completed contract can be activated again but changes are not allowed in “Completed” Status

 

By Samiksha Rajput – IFS AR Expert

Responses

    1. IFS Buddy

      Hello Pritish,
      Please post your question in dedicated AR forum to get a quick response.

      Here you can comment on this particular post as Samiksha has given very useful tips to help IFS AR users

      Regards