What is beneficiary for pricing in SAP FS-MCM - Master Contract Management?

SAP Term: beneficiary for pricing

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: A business partner role category with which a business partner is defined as beneficiary in a master contract for the determination of pricing criteria in addition to the master contract holder. The benefits for the master contract holder and beneficiary for pricing can be different.

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• Key Concepts: 
  Beneficiary for pricing is a feature in the FS-MCM Master Contract Management component of SAP. It allows users to assign a beneficiary to a contract, which will then be used to determine the pricing of the contract. This feature is useful for companies that have multiple beneficiaries and need to ensure that each beneficiary receives the correct pricing for their contracts.
  
  How to use it: 
  To use the beneficiary for pricing feature, users must first create a contract in the FS-MCM Master Contract Management component. Once the contract is created, users can assign a beneficiary to the contract. The beneficiary will then be used to determine the pricing of the contract. 
  
  Tips & Tricks: 
  When assigning a beneficiary to a contract, it is important to ensure that the correct beneficiary is selected. This will ensure that the correct pricing is applied to the contract. Additionally, it is important to keep track of which beneficiaries are assigned to which contracts, as this can help with managing contracts and ensuring that each beneficiary receives the correct pricing. 
  
  Related Information: 
  For more information on how to use the beneficiary for pricing feature in SAP FS-MCM Master Contract Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.