What is NOT a benefit of warranty contracts entered in Maximo?

Warranty contracts in Maximo offer several benefits that allow organizations to streamline their operations and manage costs effectively. One key aspect is that they enable cost recovery associated with warranty work. This means that when work is covered under warranty, the company can recuperate expenses that might otherwise impact their budget. Additionally, warranty contracts facilitate avoiding costs by allowing the vendor to perform warranty work, which prevents the organization from incurring labor and material costs for repairs.

Changing terms or conditions of the contract easily is also beneficial, as it allows organizations to adapt their agreements with vendors based on changing needs or circumstances, providing flexibility in contract management.

However, while warranty contracts provide significant financial advantages, they do not eliminate all warranty-related expenses. There will still be costs associated with managing warranties, such as administrative expenses and potentially some costs that are not covered by the warranty terms. Thus, the statement about eliminating all warranty-related expenses does not accurately represent the nature of warranty contracts in Maximo, as they can reduce costs but not completely eradicate them.