What is 'prolongation' in SAP FS-AM-OM-AC - Account Order?

prolongation - Overview

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: Account order for creating a new condition fixing agreement and extending the term for an existing loan.

prolongation - Details

• 
  Key Concepts: 
  Prolongation is a feature in SAP FS-AM-OM-AC Account Order Management that allows customers to extend the duration of their orders. This feature is useful for customers who need more time to complete their orders or who need to extend the duration of their orders for other reasons. 
  
  How to use it: 
  To use the prolongation feature, customers must first log into their SAP account and navigate to the FS-AM-OM-AC Account Order Management page. Once there, they can select the order they wish to extend and click on the “Prolong” button. This will open a window where customers can enter the new duration of their order and submit it for approval. 
  
  Tips & Tricks: 
  When using the prolongation feature, it is important to remember that the new duration must be approved by an administrator before it can take effect. Additionally, customers should be aware that prolonging an order may incur additional fees or charges. 
  
  Related Information: 
  For more information about prolongation in SAP FS-AM-OM-AC Account Order Management, customers can refer to the official SAP documentation or contact their account manager for assistance.