What is contract type in SAP CRM - Customer Relationship Management?

SAP Term: contract type

• Component: CRM

• Component Name: Customer Relationship Management

• Description: The type of a long-term agreement. There are the following contract types: Sales contract Service contract Leasing contract

Smart SAP Assistant

• Key Concepts: 
  Contract type is a feature of SAP CRM Customer Relationship Management that allows users to define different types of contracts for customers. This feature enables users to create contracts with different terms and conditions, such as payment terms, discounts, and other contractual obligations. It also allows users to track the status of each contract and view the details of each contract. 
  
  How to use it: 
  To use the contract type feature in SAP CRM, users must first create a contract type. This can be done by navigating to the “Contract Types” tab in the CRM menu. From there, users can enter the details of the contract type, such as the name, description, and payment terms. Once the contract type is created, users can then assign it to customers when creating contracts. 
  
  Tips & Tricks: 
  When creating a contract type in SAP CRM, it is important to ensure that all relevant information is included. This includes payment terms, discounts, and any other contractual obligations that may be applicable. Additionally, it is important to ensure that all contracts are properly tracked and monitored in order to ensure compliance with contractual obligations. 
  
  Related Information: 
  For more information on using the contract type feature in SAP CRM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/CRM/7.0/en-US/f8d9f3c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8aa/.