What is price adjustment clause in SAP IS-U-BI - Contract Billing?

SAP Term: price adjustment clause

• Component: IS-U-BI

• Component Name: Contract Billing

• Description: Control for the price adjustment factor, which is multiplied by a basic price to obtain a current price.

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• Key Concepts: 
  A price adjustment clause is a feature of the IS-U-BI Contract Billing component of SAP. It allows customers to adjust the price of a contract based on certain conditions, such as changes in market prices or other external factors. The clause can be used to ensure that customers are not overcharged for services or products.
  
  How to use it: 
  The price adjustment clause can be set up in the IS-U-BI Contract Billing component of SAP. The clause can be configured to adjust the price of a contract based on certain conditions, such as changes in market prices or other external factors. The clause can also be used to ensure that customers are not overcharged for services or products.
  
  Tips & Tricks: 
  When setting up a price adjustment clause, it is important to consider the impact of any changes on the customer’s budget and cash flow. It is also important to ensure that the clause is set up correctly so that it accurately reflects the customer’s needs and expectations.
  
  Related Information: 
  For more information about setting up a price adjustment clause in SAP IS-U-BI Contract Billing, please refer to the SAP Help documentation. Additionally, there are several online resources available that provide detailed instructions on how to set up and use this feature.