What is 'off-contract' in SAP EPM-SA - SAP Spend Performance Management?

off-contract - Overview

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: Outside of a legally enforceable agreement.

off-contract - Details

• 
  Key Concepts: 
  Off-contract is a term used in SAP Spend Performance Management (EPM-SA) to refer to purchases made outside of an existing contract. This means that the purchase was not made through a pre-existing agreement between the buyer and seller, and instead was made on an ad-hoc basis. 
  
  How to use it: 
  When using SAP Spend Performance Management, it is important to track off-contract purchases. This will help you identify any areas where you may be overspending or where you could be saving money by negotiating better contracts. Additionally, tracking off-contract purchases can help you identify any areas where you may be at risk of non-compliance with regulations or policies. 
  
  Tips & Tricks: 
  When tracking off-contract purchases, it is important to ensure that all relevant information is captured. This includes the date of purchase, the supplier, the item purchased, and the cost. Additionally, it is important to ensure that all off-contract purchases are properly documented and approved by the appropriate personnel. 
  
  Related Information: 
  For more information on SAP Spend Performance Management and off-contract purchases, please refer to the SAP Help Portal or contact your local SAP representative.