How To Fix CRM_PRODUCT_FINANCE2015 - You have to select one entry as the default term

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_PRODUCT_FINANCE2 - Messages for Financing Product (New Set Types in 4.0)

• Message number: 015

• Message text: You have to select one entry as the default term

What causes this issue?

You have not specified a default term. This specification is required.
Lease quotations are always created initially with the term flagged as
the default value. This term can then be changed to any possible terms
defined in the financing product within the lease quotation.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Flag exactly one term as the default value.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_PRODUCT_FINANCE2015 - You have to select one entry as the default term ?

  The SAP error message CRM_PRODUCT_FINANCE2015 indicates that when working with product finance in the SAP CRM system, you need to select a default term for a specific product or service. This error typically arises when there are multiple terms available for a product, and the system requires one to be designated as the default.
  Cause:
  The error occurs because:
  
  There are multiple financial terms (like payment terms, pricing conditions, etc.) associated with a product.
  The system requires a default term to be set for processing transactions, reporting, or other functionalities.
  
  Solution:
  To resolve this error, you need to select one of the available terms as the default. Here are the steps to do this:
  
  
  Access the Product Master Data:
  
  Navigate to the product master data in the SAP CRM system.
  
  
  
  Edit the Product:
  
  Open the product for which you are receiving the error.
  
  
  
  Select Financial Terms:
  
  Go to the section where financial terms are defined (this could be under pricing, conditions, or finance-related tabs).
  
  
  
  Set Default Term:
  
  Identify the available terms and select one to be the default. This is usually done by marking a checkbox or selecting an option that indicates it as the default.
  
  
  
  Save Changes:
  
  After selecting the default term, save your changes to the product master data.
  
  
  
  Re-attempt the Transaction:
  
  Once the default term is set, try to perform the action that previously triggered the error.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like CRMD_ORDER or CRMD_ORDERADM_H to access and manage CRM orders and products.
  Authorization: Ensure you have the necessary authorizations to edit product master data.
  Documentation: Refer to SAP Help documentation for detailed guidance on managing product finance and terms.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the CRM_PRODUCT_FINANCE2015 error and successfully set a default term for your product.