Contract Release Value is not updated with Confirmation or Invoice value
The release value for a contract in SRM EBP shows the value of purchase orders created using that contract. It does not take into account confirmation and/or invoice values.
For example I create a PO for 10 items at £100/each using Contract ABC. The total value of the PO is £1000 and the release value contract ABC would be £1000. If I then only confirm and invoice 5 items (£500) for the PO, the release value of contract ABC stays at £1000 even though I would expect it to update to £500
Therefore the release value of the contract could be incorrectly overstated if purchase orders are created against the contract but not actually invoiced/confirmed for their total value.
Please could you confirm the correct functionality and how I could find out the the true invoice value of purchases made using a contract?