What is workflow in SAP CEC-SAL-CLM - Contract Lifecycle Management?

SAP Term: workflow

• Component: CEC-SAL-CLM

• Component Name: Contract Lifecycle Management

• Description: Approval process followed within the organization to lead a contract from start to finish. Workflow is configured by administrators in CLM.

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• Key Concepts: 
  Workflow is a feature of SAP Contract Lifecycle Management (CLM) that enables users to automate and manage the process of contract creation, approval, and execution. It allows users to define the steps and conditions for each stage of the contract lifecycle, as well as assign tasks to specific users or groups. This helps to ensure that contracts are created and approved in a timely manner, and that all stakeholders are kept informed throughout the process.
  
  How to use it: 
  To use workflow in SAP CLM, users must first define the steps and conditions for each stage of the contract lifecycle. This includes setting up tasks for each step, assigning them to specific users or groups, and defining any conditions that must be met before the task can be completed. Once this is done, users can then initiate the workflow process by submitting a contract for approval. The workflow will then guide users through each step of the process until the contract is approved and executed.
  
  Tips & Tricks: 
  When setting up a workflow in SAP CLM, it is important to ensure that all tasks are assigned to the correct users or groups. This will help to ensure that contracts are approved in a timely manner and that all stakeholders are kept informed throughout the process. Additionally, it is important to review the workflow periodically to ensure that it is still up-to-date with any changes in business processes or regulations.
  
  Related Information: 
  For more information on using workflow in SAP CLM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/CEC_SAL_CLM/latest/en-US/f8d7f9a3c2b14e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2b1e6f9a7d8b3c2/.