What is qualifying period in SAP FS-MCM - Master Contract Management?

SAP Term: qualifying period

• Component: FS-MCM

• Component Name: Master Contract Management

• Description: The time interval between the contract start date and the first determination and distribution of pricing criteria. The qualifying period consists of the factor of the qualifying period and the unit of the qualifying period. During the qualifying period, the preset values for the benefit criterion and the benefit level from the product definition apply to decide the prices at contract level. If the preset values in the master contract for the determination of pricing criteria are changed manually, these new values apply.

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• Key Concepts: 
  Qualifying period is a term used in SAP FS-MCM Master Contract Management. It is a period of time during which certain conditions must be met in order for a contract to be valid. The qualifying period is typically set by the customer and can range from a few days to several months. 
  
  How to use it: 
  The qualifying period is used to ensure that all parties involved in the contract are aware of the terms and conditions of the agreement. During this period, the customer can review the contract and make any necessary changes before signing it. Once the qualifying period has ended, the contract is considered valid and binding. 
  
  Tips & Tricks: 
  It is important to set a reasonable qualifying period that allows all parties involved to review and understand the terms of the contract. It is also important to ensure that all parties are aware of when the qualifying period ends so that they can sign the contract in a timely manner. 
  
  Related Information: 
  For more information on SAP FS-MCM Master Contract Management, please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed information on how to use this software.