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Contract Status Options
First, give us the option for the contract status to be based off of the number of days left rather than a percentage. Given that contracts can have variable lengths of time, it seems odd to be stuck with percentage as the only option. If I set the threshold to 15% then a 5 year contract will be in warning 270 days out from expiration and a 1 year contract will be warning 55 days out. I want them all to come 60 or 90 away from expiration regardless of how long the contract is itself. Additionally, if my threshold is 15% and we renew it yearly for 2 more years, now 15% of that total contract length is over 1 year. Now for as long as that contract is active I have to adjust the start date or have it perpetually in the warning status. If the vendor is still using the same support contract number, I don't want to adjust the start date and make the data inaccurate just to get around this limitation.
The second request is to give us more status values for contracts. If I pull a report on all expired contracts, I would like to go through them and be able to flag them as being decommissioned or whatever. I don't necessarily want to delete the contract in case we need to reference it some time in the future for an audit or something like that. It would be nice if we could create custom status values to be able to assist with that. Maybe our purposes are not typical, but ideally a report on expired contracts should just tell us recently expired items that we would then reclassify to another status like "reitred" or "lab equipment."