What is contract type in SAP FIN-FSCM-BC - Biller Consolidator?

SAP Term: contract type

• Component: FIN-FSCM-BC

• Component Name: Biller Consolidator

• Description: Determines which of the partners participating in a cost event are liable to pay, depending on the combination of cost event types and cost event subtypes.

Smart SAP Assistant

• Key Concepts: 
  Contract type is a feature of the Biller Consolidator component of SAP. It is used to define the type of contract that is associated with a particular biller. This allows for different types of contracts to be managed in the same system, such as fixed-term contracts, recurring contracts, and one-time contracts. 
  
  How to use it: 
  Contract types can be created and managed in the Biller Consolidator component of SAP. To create a new contract type, go to the “Contract Types” tab in the Biller Consolidator and click “Create”. Enter the details of the contract type, such as its name, description, and any other relevant information. Once saved, the contract type will be available for use in the system. 
  
  Tips & Tricks: 
  When creating a new contract type, it is important to ensure that all relevant information is entered accurately. This will help ensure that the contract type is properly managed and tracked in the system. Additionally, it is important to keep track of any changes made to existing contract types, as this can affect how they are managed in the system. 
  
  Related Information: 
  For more information on how to use contract types in SAP, please refer to the official SAP documentation on Biller Consolidator. Additionally, there are many online resources available that provide helpful tips and tricks for managing contracts in SAP.