What is 'change process type' in SAP FI-AF-LCA - Lessee Contract Management and Accounting?

change process type - Overview

• Component: FI-AF-LCA

• Component Name: Lessee Contract Management and Accounting

• Description: The change process type is used to allocate change processes into groups. The change process type determines which fields in a lease can be changed. Furthermore, the change process type determines which conditions can be created or which can be changed for subsequent periods. Examples of change process types: Return Purchase Renewal

change process type - Details

• 
  Key Concepts: 
  Change process type is a feature in the FI-AF-LCA Lessee Contract Management and Accounting component of SAP. It allows users to change the process type of a contract from one type to another. This is useful for making changes to the contract terms and conditions, such as changing the payment terms or the duration of the contract.
  
  How to use it: 
  To change the process type of a contract, first open the contract in SAP. Then, select the “Change Process Type” option from the menu. This will open a window where you can select the new process type for the contract. Once you have selected the new process type, click “Save” to apply the changes.
  
  Tips & Tricks: 
  When changing the process type of a contract, make sure to review all of the terms and conditions associated with the new process type. This will ensure that all of the changes are properly applied and that there are no unexpected surprises when it comes time to execute the contract.
  
  Related Information: 
  For more information on how to use change process type in SAP, please refer to SAP’s official documentation on FI-AF-LCA Lessee Contract Management and Accounting.