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

SAP Term: pool contract

• Component: FS-AM-CM

• Component Name: Contract Management

• Description: A superordinate term for master contracts and card pool contracts. Contrary to the term "contract pool", this term primarily covers the technical realization of the objects as contracts.

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• Key Concepts: 
  A pool contract is a type of contract in SAP Contract Management (FS-AM-CM) that allows for the grouping of multiple contracts into one. This type of contract is useful for managing multiple contracts that have similar terms and conditions, such as those related to a specific supplier or customer. The pool contract can be used to manage the individual contracts within the pool, as well as to track the overall performance of the pool. 
  
  How to use it: 
  To create a pool contract in SAP Contract Management, you must first create the individual contracts that will be part of the pool. Once these contracts have been created, you can then create a pool contract and assign the individual contracts to it. You can then use the pool contract to manage and track the performance of all of the contracts within it. 
  
  Tips & Tricks: 
  When creating a pool contract, it is important to ensure that all of the contracts within it have similar terms and conditions. This will make it easier to manage and track the performance of the pool as a whole. Additionally, it is important to ensure that all of the contracts within the pool are up-to-date and valid before creating the pool contract. 
  
  Related Information: 
  For more information on how to use SAP Contract Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use SAP Contract Management effectively.