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I checked with the Contract Management team and they advised that you contact Ariba Support or work with your Ariba Consultant for guidance.
Ariba Exchange Community Manager
Found awesome article on Ariba connect blog title "Equations on Two Date Fields in Reporting [User-Defined Fields]: Derive a Document's Age, Duration of its Status, Days until Expiration, etc."
I think it answers my questions for now.
Today(), Now() is referenced with CURRDATE in Ariba. That's the day the report is run.
Formula is then something along the lines:
or if I want to count projects that are less than 90 days old
Glad to hear that Christian! Thanks for sharing the article link with the community.