What is signing party in SAP LCM - Legal Content Management?

SAP Term: signing party

• Component: LCM

• Component Name: Legal Content Management

• Description: Legal entity or party who is involved in a legal transaction. For example, a company, a department within the company or an individual like the legal counsel.

Smart SAP Assistant

• Key Concepts: 
  Signing Party is a feature of SAP Legal Content Management (LCM) that allows users to digitally sign documents. It enables users to securely sign documents with a digital signature, which is legally binding and can be used in court. The signing party feature also allows users to track the status of documents and manage the signing process. 
  
  How to use it: 
  To use the signing party feature, users must first create a signing party in SAP LCM. This can be done by selecting the “Create Signing Party” option from the main menu. Once the signing party is created, users can add documents to it and invite other users to join the signing party. The invited users will then receive an email notification with a link to the document, which they can open and digitally sign. 
  
  Tips & Tricks: 
  When creating a signing party, it is important to ensure that all invited users have access to the document. Additionally, it is important to ensure that all invited users have access to the same version of the document, as any changes made after the document has been signed will not be reflected in the signed version. 
  
  Related Information: 
  For more information on SAP LCM and its features, please refer to the official SAP documentation. Additionally, there are several online tutorials available that provide step-by-step instructions on how to use SAP LCM and its features.