What is benefit level in SAP FS-MCM - Master Contract Management?

SAP Term: benefit level

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: The level used for determining preferred prices for beneficiary contracts. &EXAMPLE& The following benefit levels relate to the overall total of the account balances of the bank customer: 0 Overall total < USD 100,000 1 Overall total >= USD 150,000 2 Overall total > USD 500,000 3 Overall total >= USD 1,000,000

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• Key Concepts: 
  Benefit level is a feature of SAP FS-MCM Master Contract Management that allows users to assign different levels of benefits to different contracts. This allows users to customize the benefits they receive from each contract, depending on their needs. For example, a user may assign a higher benefit level to a contract that provides more services or features than another contract. 
  
  How to use it: 
  To use the benefit level feature in SAP FS-MCM Master Contract Management, users must first create a contract and assign it a benefit level. This can be done by selecting the “Benefit Level” option from the “Contracts” tab in the main menu. Once the benefit level has been assigned, users can then customize the benefits they receive from the contract by selecting the “Benefits” tab in the main menu. 
  
  Tips & Tricks: 
  When assigning benefit levels to contracts, it is important to consider the needs of your organization and how each contract will help you meet those needs. It is also important to consider how much you are willing to pay for each contract and how much value you will receive in return. 
  
  Related Information: 
  For more information on SAP FS-MCM Master Contract Management and its features, please visit the official SAP website at https://www.sap.com/products/master-contract-management.html.