Automatic Renewal (Auto Renew)

Automatic Renewal (Auto Renew) – an event type in M3.  This event is generated for a specifice service because its end-of-term action is set to Auto-Renew (continue in pertpetuity).  To caluclate auto-renew dates both the length of the rewewal term (contract extension) and the advanced days to notify your vendor of a change are required.  For Automatic Renewals, the end-of-term date minus the advanced notification requrement equals a service’s Event Date.