Contract configuration items in Asset Management Suite let you insert and track the contract-related data in your environment. For example, you can enter details about lease schedules, warranties, and the agreements that you have signed with your vendors or other business partners. After you create contract configuration items, you can associate them with other items in your system. For example, you can create a contract item that specifies the contract details, and then associate it with a new computer purchase. This association lets you track the document-related details of the new computer.
Before you can set up contract management in Asset Management Suite, you must identify where the existing contract data is located. To find out where the existing data is stored, you must identify which departments and individuals are responsible for it. Working with the owners of the data helps you to determine what kind of information you need to enter and track for the contracts.
After you decide what types of leases and contracts you want to track, you enter the necessary data into the Configuration Management Database (CMDB). If your contract data is stored in paper form, you need to input the data manually. If you have your contract data available in electronic format, you can import it into the CMDB.
Table: Predefined contract configuration item types