What is external price calculator in SAP (IS-B-RA - Risk Analysis)?

SAP Term: external price calculator

• Component: IS-B-RA

• Component Name: Risk Analysis

• Description: Method for valuing NPV key figures that are not supplied by SAP but are set up by the customers themselves.

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• Key Concepts: 
  External Price Calculator is a component of the IS-B-RA Risk Analysis module in SAP. It is used to calculate the price of a product or service based on external market data. This helps businesses to make informed decisions about pricing and to ensure that they are competitive in the market. 
  
  How to use it: 
  The External Price Calculator can be accessed through the SAP GUI. Once in the module, users can enter the product or service they wish to price and select the external market data they wish to use for the calculation. The calculator will then generate a price based on the data entered. 
  
  Tips & Tricks: 
  It is important to ensure that the external market data used for pricing is up-to-date and accurate. This will help ensure that businesses are able to make informed decisions about pricing and remain competitive in the market. 
  
  Related Information: 
  The External Price Calculator is part of the IS-B-RA Risk Analysis module in SAP. Other components of this module include Risk Analysis, Risk Management, and Risk Reporting. These components can be used together to help businesses manage risk and make informed decisions about pricing.