What is contract pool in SAP FS-AM-CM - Contract Management?

SAP Term: contract pool

• Component: FS-AM-CM

• Component Name: Contract Management

• Description: A superordinate term for master contracts and card pools. Contrary to the term "pool contract", the objects covered by this term are primarily business-related.

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• Key Concepts: 
  Contract pool is a feature of the SAP FS-AM-CM Contract Management component. It allows users to store and manage contracts in a central repository. This repository can be accessed by multiple users, allowing for efficient contract management. The contract pool also provides an audit trail of all changes made to the contracts, ensuring that all changes are tracked and documented.
  
  How to use it: 
  To use the contract pool, users must first create a contract in the SAP system. Once the contract is created, it can be stored in the contract pool. The contract pool can then be accessed by multiple users, allowing them to view and edit the contracts as needed. The audit trail feature of the contract pool ensures that all changes are tracked and documented.
  
  Tips & Tricks: 
  When creating a contract in the SAP system, it is important to ensure that all relevant information is included. This will make it easier for users to access and manage the contracts in the contract pool. Additionally, it is important to regularly review and update contracts stored in the contract pool to ensure that they remain up-to-date.
  
  Related Information: 
  For more information on using the SAP FS-AM-CM Contract Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using this component.