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May 13, 2019 at 03:55 PM

Funds Management -Multiyear deferrals

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Hi,

Any ideas on how to handle with funds management and procurement in place the following scenario?

Scenario: software license bought for a 3 year period with a year cost of 10K.

The contract starts the 1st January 2020 and expires 31st December 2022.

The idea is to be able to handle an invoice payment the first year for the 3 years all together.

They operate under yearly budget but they would like to handle this situation via a deferral functionality.

Currently, each purchase order item points to one year.

Thanks and best regards,

Pablo