What is partner agreement in SAP CRM-S4-SOM - S4CRM: Subscription Order Management?

SAP Term: partner agreement

• Component: CRM-S4-SOM

• Component Name: S4CRM: Subscription Order Management

• Description: A long-term agreement for a revenue sharing model, which exists for a specified time period between a service provider and a partner.

Smart SAP Assistant

• Key Concepts: 
  A partner agreement is a contract between two parties, usually a customer and a vendor, that outlines the terms of their business relationship. In SAP S4CRM Subscription Order Management, partner agreements are used to define the terms of a customer's subscription to a product or service. This includes the duration of the subscription, the payment terms, and any other conditions that must be met in order for the agreement to be valid. 
  
  How to use it: 
  In SAP S4CRM Subscription Order Management, partner agreements are created in the Partner Agreement Management (PAM) module. This module allows users to create and manage partner agreements, as well as view and edit existing agreements. The PAM module also provides tools for tracking and managing customer subscriptions, such as setting up automatic renewal reminders and tracking subscription usage. 
  
  Tips & Tricks: 
  When creating a partner agreement in SAP S4CRM Subscription Order Management, it is important to ensure that all of the terms and conditions are clearly defined. This includes specifying the duration of the subscription, payment terms, and any other conditions that must be met in order for the agreement to be valid. Additionally, it is important to ensure that all parties involved in the agreement understand and agree to its terms before signing off on it. 
  
  Related Information: 
  For more information on partner agreements in SAP S4CRM Subscription Order Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_S4CRM_Subscription_Order_Management/latest/en-US