How To Fix PFM_1121 - This contract does not need payment guarantees - guarantee percentage 0

SAP Error Message - Details

• Message type: E = Error

• Message class: PFM_1 - Message class for POCLIS

• Message number: 121

• Message text: This contract does not need payment guarantees - guarantee percentage 0

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message PFM_1121 - This contract does not need payment guarantees - guarantee percentage 0 ?

  The SAP error message PFM_1121, which states "This contract does not need payment guarantees - guarantee percentage 0," typically occurs in the context of contract management and payment guarantees within the SAP system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Contract Configuration: The contract in question has been configured with a guarantee percentage of 0%. This means that the system recognizes that no payment guarantees are required for this contract.
  Business Logic: The business rules or logic defined in the system may dictate that certain contracts do not require payment guarantees based on their terms or conditions.
  Data Entry Error: There may be an error in how the contract was set up, leading to the guarantee percentage being incorrectly set to 0%.
  
  Solution:
  
  Review Contract Settings: Check the contract settings in the SAP system to confirm the guarantee percentage. If the contract should require a payment guarantee, update the guarantee percentage to a value greater than 0%.
  
  Navigate to the contract in question and look for the payment guarantee settings.
  
  
  Consult Business Rules: Verify with your business or finance team whether the contract should indeed have a payment guarantee. If it should, adjust the settings accordingly.
  System Configuration: If the contract is correctly set up but still shows this error, it may be necessary to review the system configuration or consult with your SAP administrator to ensure that the contract management module is functioning as intended.
  Documentation and Training: Ensure that users involved in contract creation and management are trained on the importance of setting the correct guarantee percentages and understand the implications of a 0% guarantee.
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on contract management and payment guarantees.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., ME31K for creating contracts, ME32K for changing contracts) that may help in managing contracts effectively.
  User Roles: Ensure that users have the appropriate roles and permissions to modify contract settings, as restrictions may lead to errors in contract management.
  Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  By following these steps, you should be able to resolve the error message PFM_1121 and ensure that your contract management processes are functioning correctly.