How do I create a Vendor Contract?
To create a Vendor Contract, please follow the following steps.
1. Click on Contracts.
2. Click on Vendor Contracts.
3. Click on New.
4. Select a Binding status from the dropdown.
Here, we chose Binding as it has more fields to document the Vendor Contract details. Non-Binding is similar, but it involves less fields.
5. In the Vendor field, begin typing your Vendor Name. Choose your Vendor from the available selections.
If you do not see your Vendor, it has not been established. Please set up the Vendor prior to creating its Vendor Invoice.
6. If you have a digital copy of the signed Vendor Contract, you may upload it using the Signed Document file upload feature.
There is a 20mb limit on vendor contract document uploads.
7. Set a Contract Effective Date.
8. Set a Contract Term Length (months).
9. Set an Auto Renewal Term (months).
10. Set the Minimum Days to Notify.
11. Set the Maximum Days to Notify.
12. Set the Days Until Remittance.
13. Add in any other relevant Vendor Contract details.
14. Click on Save New Contract.
