What is expected term in SAP CEC-SAL-SB - Subscription Management and Billing?

SAP Term: expected term

• Component: CEC-SAL-SB

• Component Name: Subscription Management and Billing

• Description: The projected duration of a subscription in months.

Smart SAP Assistant

• Key Concepts: 
  Expected Term is a feature of the CEC-SAL-SB Subscription Management and Billing component of SAP. It is used to define the expected duration of a subscription, which is the period of time that a customer has agreed to pay for a subscription service. The expected term can be set to any length of time, from one month to multiple years. 
  
  How to use it: 
  The expected term is set when a customer purchases a subscription service. The customer will be asked to select the length of time they would like to pay for the service, and this will be set as the expected term. This term can be changed at any time by the customer or by an administrator. 
  
  Tips & Tricks: 
  When setting the expected term, it is important to consider the customer’s needs and preferences. If the customer wants to pay for a longer period of time, it may be beneficial to offer them a discounted rate. Additionally, it is important to ensure that the expected term is set correctly so that customers are not charged for services they do not use. 
  
  Related Information: 
  The expected term is closely related to other features of the CEC-SAL-SB Subscription Management and Billing component, such as billing cycles and payment terms. It is important to understand how these features work together in order to ensure that customers are billed correctly and on time.