What is agreement in SAP CEC-MKT - SAP Marketing?

SAP Term: agreement

• Component: CEC-MKT

• Component Name: SAP Marketing

• Description: Any contractual agreement with a customer that has a specific term and that comprises specific services. Examples of such an agreement include a loan contract, an insurance contract or a subscription, depending on the specific context.

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• Key Concepts: 
  An agreement in SAP Marketing Cloud is a contract between two parties that outlines the terms and conditions of a business relationship. It is used to define the rights and obligations of each party, as well as the duration of the agreement. The agreement can be used to define the terms of a customer relationship, such as pricing, discounts, payment terms, and other conditions. 
  
  How to use it: 
  In SAP Marketing Cloud, agreements are created in the CEC-MKT application. To create an agreement, you must first define the parties involved in the agreement and then enter the details of the agreement. This includes defining the terms and conditions of the agreement, such as pricing, discounts, payment terms, and other conditions. Once all of the details have been entered, you can save the agreement and it will be available for review by both parties. 
  
  Tips & Tricks: 
  When creating an agreement in SAP Marketing Cloud, it is important to ensure that all of the details are accurate and up-to-date. This includes ensuring that all of the terms and conditions are clearly defined and that any changes to the agreement are documented. Additionally, it is important to ensure that both parties understand and agree to all of the terms before signing off on the agreement. 
  
  Related Information: 
  For more information on agreements in SAP Marketing Cloud, please refer to the official documentation available on SAP’s website. Additionally, there are many online resources available that provide helpful tips and tricks for creating effective agreements in SAP Marketing Cloud.