What is event in SAP FS-AM-CM - Contract Management?

SAP Term: event

• Component: FS-AM-CM

• Component Name: Contract Management

• Description: Point in time during the life cycle of a contract at which its status changes. &EXAMPLE& Account creation Last change to an account Account contract start date

Smart SAP Assistant

• Key Concepts: 
  An event in SAP FS-AM-CM Contract Management is a predefined action that is triggered when certain conditions are met. Events can be used to automate processes, such as sending notifications or updating data. 
  
  How to use it: 
  Events can be created and managed in the Event Manager. To create an event, you must define the conditions that will trigger the event, as well as the action that will be taken when the event is triggered. You can also specify additional parameters, such as the frequency of the event or the user who will receive notifications. 
  
  Tips & Tricks: 
  When creating an event, it is important to consider how often it should be triggered. If an event is triggered too often, it can cause performance issues. It is also important to consider who should receive notifications when an event is triggered. 
  
  Related Information: 
  For more information on events in SAP FS-AM-CM Contract Management, please refer to the official SAP documentation.