What is contract classification in SAP IS-HT-SW - Software Management?

SAP Term: contract classification

• Component: IS-HT-SW

• Component Name: Software Management

• Description: The use of software contracts to determine which sold-to parties can call-off against a contract. You can assign a contract to one of the following classifications: Standard contract Enterprise contract Named list of accounts contract

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• Key Concepts: 
  Contract classification is a feature of the IS-HT-SW Software Management component of SAP. It allows users to classify contracts according to their type, such as software license, maintenance, or support. This helps users to easily identify and manage contracts in the system.
  
  How to use it: 
  Contract classification can be used to categorize contracts in the system. This can be done by assigning a contract type to each contract. The contract type can be selected from a list of predefined types, or users can create their own custom types. Once the contract type is assigned, the contract can be easily identified and managed in the system.
  
  Tips & Tricks: 
  When creating custom contract types, it is important to ensure that they are descriptive and easy to understand. This will help users quickly identify and manage contracts in the system. Additionally, it is important to ensure that all contracts are properly classified so that they can be easily identified and managed in the system.
  
  Related Information: 
  For more information on contract classification in SAP IS-HT-SW Software Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this feature in SAP.