What is subscription contract in SAP CRM-S4-SOM - S4CRM: Subscription Order Management?

SAP Term: subscription contract

• Component: CRM-S4-SOM

• Component Name: S4CRM: Subscription Order Management

• Description: A long-term agreement with a customer about the provision and billing of subscription-based services that a customer and a provider have agreed upon, for a contract term.

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• Key Concepts: 
  A subscription contract is a type of agreement between a customer and a vendor that allows the customer to purchase goods or services on a recurring basis. In SAP S4CRM, subscription contracts are used to manage the ordering, billing, and delivery of subscription-based products and services. 
  
  How to use it: 
  Subscription contracts in SAP S4CRM are created in the Subscription Order Management (SOM) module. The SOM module allows users to create and manage subscription contracts, as well as track the status of orders and deliveries. The SOM module also provides tools for managing customer accounts, billing, and payment processing. 
  
  Tips & Tricks: 
  When creating a subscription contract in SAP S4CRM, it is important to ensure that all relevant information is included in the contract. This includes the customer's contact information, the terms of the agreement, and any applicable discounts or promotions. Additionally, it is important to ensure that all payment information is accurate and up-to-date. 
  
  Related Information: 
  For more information about subscription contracts in SAP S4CRM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_S4CRM_SUBSCRIPTION_ORDER_MANAGEMENT/latest/en-US.