Oracle Fusion Enterprise Contract Tables: A Comprehensive Guide for Businesses
Oracle Fusion Enterprise Contract Management (ECM) is a powerful tool that streamlines contract creation, negotiation, and execution for businesses of all sizes. However, to fully leverage the benefits of this software, it`s critical to understand the tables that underpin the process. In this article, we`ll explore the purpose and functionality of the key Oracle Fusion ECM tables.
1. Contract Header Table
The contract header table is the main table in Oracle Fusion ECM, containing basic information about each contract. This includes the contract number, title, type, start and end dates, and the parties involved.
2. Contract Lines Table
The contract lines table is where the detailed information for each contract is stored. This includes the line type, line number, description, quantity, unit price, and total price.
3. Contract Terms Table
The contract terms table tracks the terms and conditions of each contract. This includes payment terms, delivery dates, warranties, and other obligations and requirements.
4. Contract Attachments Table
The contract attachments table stores all external documents related to the contract, including attachments, exhibits, and addendums.
5. Contract History Table
The contract history table is used to track changes made to a contract over time. This includes modifications to terms, conditions, and pricing, as well as any notes or comments.
6. Contract Approval Table
The contract approval table tracks the status of each contract as it moves through the approval process. This includes approvals and rejections at each level, as well as the date and time of each action.
7. Contract Line Tax Table
The contract line tax table tracks any taxes that apply to each contract line. This includes the tax rate, tax type, and tax amount.
By understanding the purpose and functionality of each of these tables, businesses can fully leverage the power of Oracle Fusion ECM to streamline their contract management processes. Whether you`re a small business owner or a large enterprise, adopting Oracle Fusion ECM can help you save time, reduce costs, and improve contract compliance.