Usually the easiest way to add a renewal is to use the same deal and offer records. So you would just hover over the existing offer, click Funded (again), and enter the details of the renewal:
If you'd like to see separate offers, you can also hover over the submission and click "Add offer" to create a new offer, then mark that new offer as funded.
Or, if you'd like to see separate submissions, you can click the greyed out submit button (Mock Sub) to create a submission, then add an offer, and finally mark it as funded.
What drives renewal timing
Renewal timing is tracked from three fields on the offer: the funded date, the payment frequency, and the term. The renewal schedule is driven by these values, so entering them correctly on every funded offer keeps the schedule accurate.
Date funded — The actual funding date, entered in the Funded: [Funder Name] modal when you mark the offer as funded. When you record a renewal by marking the same offer as funded again, enter the renewal's funding date in that modal. See How to Mark an Offer as Funded (Create an Advance).
Term — The length of the advance in months, entered on the approval form (for example, 12). See How to mark a Submission as approved.
Frequency — The payment frequency, selected from the dropdown on the approval form. Frequency values include daily, weekly, bi-weekly, and monthly.
How renewal timing is calculated
We calculate the paid-in percentage from the date funded, frequency, and term — so you call merchants exactly when they're up for renewal. The percentage is auto-calculated on every advance, so renewal timing surfaces without manual tracking.
The paid-in percentage reflects how much of the advance has been paid in so far. It appears in the Advances table alongside the funding dates.
Example: how a funded offer tracks to renewal
The demo on our homepage shows the tracking in practice: an advance with a 6-month term and $585 daily payments, for $99,000 total payback, shows its paid-in percentage auto-calculated on the deal (for example, 82% paid in). Because the percentage is computed from the date funded, frequency, and term you record, keeping those three fields accurate on every funded offer keeps the renewal timing right.
Where renewal tracking appears
Renewal progress appears in the Advances table and in the Up for Renewal deal status.
Advances — The funded offer appears under Advances in the left sidebar. The table shows deal name, funder information, amount, status, paid-in percentage, originators, closers, and funding dates. See How to add commissions to an Advance for working with those records.
Up for Renewal — Deals that are up for renewal carry the Up for Renewal status. You can automate SMS and email reminders to those deals with Send automated SMS and email follow-ups to deals.