Service Term

Service Term – each vendor service has a time commitment with a defined end date.  The length of time between the start (or today) and the end date is the service term.  Since current terms change with renewals, M3 tracks both the original term and a service’s current term.  The origianl End Date entered (or cacluated) in M3, coupled with end-of-term actions, drives all future service terms until a manual change is intitiated.