What is contract-managing organizational unit in SAP FS-AM-OR - Organization?

SAP Term: contract-managing organizational unit

• Component: FS-AM-OR

• Component Name: Organization

• Description: A unit in the organizational plan of a bank in which contracts are managed. Each contract must be assigned to one such unit when it is created. This unit is not necessarily identical to the unit in which customer contact occurs. A selection of the attributes relevant to a contract creation is read for the specified organizational unit in the bank's organizational plan, for example, the bank key for an account contract creation. These attributes must not be stored directly in the unit, but in at least one higher-level unit in the hierarchy.

Smart SAP Assistant

• Key Concepts: 
  A contract-managing organizational unit is a component of the SAP Financial Services Asset Management (FS-AM-OR) module. It is used to manage contracts and other related documents, such as invoices, payment terms, and other contractual obligations. The contract-managing organizational unit is responsible for ensuring that all contractual obligations are met and that all documents are properly stored and maintained. 
  
  How to use it: 
  The contract-managing organizational unit can be used to create, edit, and delete contracts. It can also be used to track the status of contracts, including when they are due for renewal or termination. Additionally, it can be used to generate reports on the performance of contracts and to monitor the progress of payments. 
  
  Tips & Tricks: 
  When creating a contract, it is important to ensure that all relevant information is included in the document. This includes the terms of the agreement, payment terms, and any other relevant details. Additionally, it is important to ensure that all documents are properly stored and maintained in order to ensure that they are easily accessible when needed. 
  
  Related Information: 
  The contract-managing organizational unit is part of the SAP Financial Services Asset Management (FS-AM-OR) module. This module also includes other components such as asset management, asset accounting, and asset valuation. Additionally, it provides tools for managing financial assets such as investments, loans, and derivatives.