What is product version change in SAP FS-MCM-MC - Master Contract?

SAP Term: product version change

• Component: FS-MCM-MC

• Component Name: Master Contract

• Description: Transfer of the product version for a master contract to a new product version of the master contract. The product remains the same after the transfer.

Smart SAP Assistant

• Key Concepts: 
  Product version change is a feature in SAP FS-MCM-MC Master Contract Management that allows users to update the version of a product in a contract. This feature allows users to keep their contracts up to date with the latest version of the product, ensuring that they are using the most current version. 
  
  How to use it: 
  To use the product version change feature, users must first open the contract they wish to update. Then, they can select the “Product Version Change” option from the menu. This will open a window where users can select the new version of the product they wish to use. Once selected, users can save their changes and the contract will be updated with the new version. 
  
  Tips & Tricks: 
  When using the product version change feature, it is important to make sure that all of the necessary information is included in the new version of the product. This includes any changes in pricing or terms and conditions that may have been made since the last version was released. Additionally, it is important to double check that all of the information is correct before saving any changes. 
  
  Related Information: 
  For more information on how to use SAP FS-MCM-MC Master Contract Management, please refer to SAP’s official documentation. Additionally, there are many online tutorials and videos available that can help users learn more about this feature and how to use it effectively.