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

SAP Term: agreement renewal

• Component: CEC-MKT

• Component Name: SAP Marketing

• Description: Determines that an existing agreement is to be renewed when it reaches its end date.

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• Key Concepts: 
  Agreement renewal in SAP Marketing Cloud is the process of extending an existing agreement with a customer or partner. This process involves updating the terms and conditions of the agreement, such as pricing, duration, and other details. It also involves creating a new agreement document that reflects the updated terms and conditions. 
  
  How to use it: 
  To renew an agreement in SAP Marketing Cloud, first log into the system and navigate to the “Agreements” tab. Select the agreement you wish to renew and click “Renew”. You will then be prompted to enter the new terms and conditions for the agreement. Once you have entered all of the necessary information, click “Save” to create a new agreement document with the updated terms and conditions. 
  
  Tips & Tricks: 
  When renewing an agreement in SAP Marketing Cloud, it is important to review all of the terms and conditions carefully before saving. This will ensure that all of the details are accurate and up-to-date. Additionally, it is important to keep track of all agreements that have been renewed so that they can be easily accessed in the future. 
  
  Related Information: 
  For more information on agreement renewal in SAP Marketing Cloud, please refer to the official documentation available on SAP’s website. Additionally, there are many online tutorials available that provide step-by-step instructions on how to renew an agreement in SAP Marketing Cloud.