Configure the Contract State Model

Contracts may have stringent compliance requirements. Therefore, you must follow specific rules regarding the Contract object. Certain actions can be performed by certain users, in certain states, and only certain state transitions are allowed. A Contract State Model defines the life cycle states for a contract of a specific Contract Type, as well as the valid state transitions. Use Vlocity Actions to move the contract between two valid states.

If you enable state model functionality, you can use the default Contract State Model and configure it. All contracts use this state model by default.

Or, you can configure your own customized state model to use with a contract type that you created. For example, you might have created a contract type called Enterprise Services. You want to create a state model specifically for that contract type, so you configure your own customized state model.

See the following procedures for details.

• Configure the Default Contract State Model
  Enable and configure the default contract state model for your users.
• Configure a Customized State Model
  Configure a customized state model for your users.
• Configure the Contract Approval Process
  When configuring the Vlocity Contract State Model, you must configure the Field Update Action in both the Final Approval Actions and the Final Rejection Actions. Then, the contract status will reflect the settings when the contract is approved or rejected.
• Configure Contract Status Custom Settings
  When configuring the Vlocity Contract State Model, you must configure the custom settings for the contract status.