What is extended utilization in SAP FS-MCM - Master Contract Management?

SAP Term: extended utilization

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: An option of defining customer-specific utilization categories effective or nominal to be able to assign more than one technical utilization category to a business utilization category.

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• Key Concepts: 
  Extended utilization is a feature of the FS-MCM Master Contract Management component of SAP. It allows users to extend the utilization of a contract beyond its original expiration date. This can be done by creating a new contract with the same terms and conditions as the original contract, but with an extended expiration date. 
  
  How to use it: 
  To use extended utilization, users must first create a new contract with the same terms and conditions as the original contract. Once the new contract is created, users can then extend the expiration date of the original contract by entering a new expiration date in the “Extended Utilization” field. 
  
  Tips & Tricks: 
  When using extended utilization, it is important to remember that any changes made to the original contract will not be reflected in the new contract. Therefore, it is important to review both contracts before making any changes. Additionally, it is important to note that extended utilization does not automatically renew contracts; users must manually renew contracts if they wish to do so. 
  
  Related Information: 
  For more information on extended utilization 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 detailed instructions on how to use extended utilization in SAP FS-MCM Master Contract Management.