What is contract-managing system in SAP FS-FPS - Financial Products Subledger?

SAP Term: contract-managing system

• Component: FS-FPS

• Component Name: Financial Products Subledger

• Description: A system from which contracts are imported to .

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• Key Concepts: 
  A contract-managing system is a component of the SAP FS-FPS Financial Products Subledger. It is used to manage contracts and their associated financial products, such as loans, mortgages, and other financial instruments. The system allows users to track and manage the entire lifecycle of a contract, from creation to termination. It also provides a comprehensive view of all contracts and their associated financial products.
  
  How to use it: 
  The contract-managing system can be used to create, modify, and terminate contracts. It also allows users to view all contracts and their associated financial products in one place. Additionally, users can track the status of each contract and its associated financial products.
  
  Tips & Tricks: 
  When creating a new contract, it is important to ensure that all relevant information is included in the contract. This includes the terms of the contract, the payment schedule, and any other relevant details. Additionally, it is important to keep track of any changes that are made to the contract over time.
  
  Related Information: 
  The contract-managing system is part of the SAP FS-FPS Financial Products Subledger. Other components of this subledger include accounts receivable, accounts payable, and general ledger. Additionally, there are several other SAP modules that can be used in conjunction with the contract-managing system, such as SAP ERP Financials and SAP Business Warehouse.