Simplify Contract End Date Calculations with HubSpot

Why is this hack helpful?

Tired of constantly tracking contract end dates? It's a hassle, right? Fortunately, there's a hack to simplify this task using HubSpot's calculated properties. By leveraging this technique, you can automate the process.

Imagine this: no more stress over contract timelines. Automating this aspect of your business with HubSpot not only saves you time but also ensures you never miss a renewal deadline. This proactive approach keeps your customers happy with timely notifications and seamless service. And happy customers? They're much more likely to renew, keeping your revenue steady and predictable.

Ready to learn how to do this?

Let's dive in!

Step-by-Step Tutorial 

1. Head over to HubSpot

Log in to your HubSpot account then press the settings icon in the main navigation bar.

2. Create a "Delivery Term" Property

Navigate to "Properties" in the sidebar, then Click "Create Property". Next you're going to name it "Delivery Term" and set the field type to "Number". This is where you will store the contract duration in days.

3. Set Up "Contract Start Date"

Now you're going to create another property called "Contract Start Date", and choose "Date" as the field type.

4. Configure "Contract End Date"

Create a property for the end date. Next you're going to name it "Contract End Date" or whatever suits your needs. Then Select "Calculated property" for the field type and select "Date" for the data type.

5. The Magic Formula

Next you are going to insert the following formula into the editor: 

How it Works

[properties.contract_start_date] : The start date of the contract

+ : Addition Operator

[properties.delivery_length] : The duration of the contract in days

* : Multiplication operator

86400000 : Number of milliseconds in a day (Note: modify this if you're doing months or years) 

With this hack in place, you can generate smart reports and display upcoming contract end dates to stay on top of renewals. Use it for forecasting to keep your revenue predictions sharp. You can also set up automatic reminders and tasks based on these end dates so you never miss a beat.

The perks of automating this process go way beyond just making things run smoother. By cutting down on human error, you make your contract management way more reliable. This reliability means your clients can really trust you to handle their contracts with precision and care. Plus, all the time you save from not having to track things manually can be put towards activities that actually help your business grow and innovate!