Setting up default indexation for standard contracts allows for automatic application of index settings to future subscriptions.
To set up default indexation per standard contract, you can establish standard index settings that will automatically apply to all future subscriptions. This feature allows for seamless activation of indexation when creating subscriptions for members. By setting up rules within a standard contract, you can ensure that indexation is easily implemented for each new subscription.
To begin, navigate to Settings > Standard Contracts to initiate the setup process. Select the specific contract you wish to edit and open it for customization. Within this section, you can define the default indexation rules for subscriptions associated with this contract.
Choose the indexation type you prefer and proceed to set the indexation rate.
If you want indexation to be automatically applied annually, enable the automatic indexation checkbox for this subscription.
Once these settings are configured, all subscriptions created thereafter will inherit these predetermined indexation parameters. This streamlined approach ensures consistency and efficiency in managing indexation for standard contracts within your system.