What is contract end processing in SAP FS-AM-OM-AC - Account Order?

SAP Term: contract end processing

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: The steps the system goes through when ending the agreement between bank and borrower.

Smart SAP Assistant

• Key Concepts: 
  Contract end processing is a feature of the FS-AM-OM-AC Account Order Management component of SAP. It allows users to manage the end of contracts, such as canceling or renewing them. This process can be automated, allowing for efficient and accurate contract management. 
  
  How to use it: 
  Contract end processing can be used to manage the end of contracts in SAP. This includes canceling or renewing contracts, as well as other related tasks. To use this feature, users must first set up the contract end processing rules in the system. This includes defining the criteria for when a contract should be canceled or renewed. Once these rules are set up, the system will automatically process the contracts according to these rules. 
  
  Tips & Tricks: 
  When setting up contract end processing rules, it is important to ensure that they are accurate and up-to-date. This will ensure that contracts are processed correctly and efficiently. Additionally, it is important to regularly review and update the rules to ensure that they remain relevant and accurate. 
  
  Related Information: 
  For more information on contract end processing in SAP, please refer to the official SAP documentation on this topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature in SAP.