To define the Renewal Date on the Confirm Renewal page, select from one of the following options.
- Contract End Date - if you want to renew the asset on the date the contract expires.
- Asset End Date - if you want to renew the asset on the date the asset expires.
- Farthest End Date - if you want to choose the farthest end date out of all the selected Asset Line Items and apply this date to all the Asset Line Items.
- Renewal Date - use the calendar to define a custom date to renew the asset.
The date you enter here determines the billing period for the Renewed asset. The new Billing Schedules for a renewed asset are in the Pending Billing state by default. Each renewed asset has such Billing schedules that Apttus CPQ creates automatically when the asset is activated.