How To Fix FVD_BO070 - Contract statis &1 not defined for product type &2 in company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_BO - General Messages for Business Operations

• Message number: 070

• Message text: Contract statis &1 not defined for product type &2 in company code &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_BO070 - Contract statis &1 not defined for product type &2 in company code &3 ?

  The SAP error message FVD_BO070 indicates that there is an issue with the contract status for a specific product type in a given company code. This error typically arises in the context of contract management or financial services within SAP, particularly when dealing with financial products.
  Cause:
  The error message is triggered when the system cannot find a defined contract status for the specified product type in the specified company code. This can occur due to several reasons:
  
  Missing Configuration: The contract status for the specified product type has not been configured in the system.
  Incorrect Product Type: The product type being referenced may not be valid or may not have been set up correctly in the system.
  Company Code Issues: The company code specified may not have the necessary configurations or may not be linked to the product type.
  Data Entry Errors: There may be a typo or incorrect entry in the transaction that is causing the system to look for a non-existent contract status.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for contract management in SAP.
  Verify that the contract status for the specified product type is defined for the company code in question.
  If it is not defined, you will need to create the necessary configuration.
  
  
  
  Review Product Type:
  
  Ensure that the product type being used is valid and correctly set up in the system.
  Check if the product type is active and properly linked to the relevant contract statuses.
  
  
  
  Validate Company Code:
  
  Confirm that the company code is correctly set up and that it has the necessary configurations for the product type.
  Ensure that the company code is active and not in a closed status.
  
  
  
  Data Entry Verification:
  
  Review the transaction or entry that triggered the error to ensure that all fields are filled out correctly and that there are no typos.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring contract statuses and product types.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (to access the configuration settings) or SE11 (to check table definitions) to investigate further.
  Tables: Relevant tables may include those that store contract statuses, product types, and company code configurations. Common tables include T_FVD_CONTRACT_STATUS and T_FVD_PRODUCT_TYPE.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  
  By following these steps, you should be able to identify and resolve the cause of the FVD_BO070 error in your SAP system.