What is virtual document in SAP LCM - Legal Content Management?

SAP Term: virtual document

• Component: LCM

• Component Name: Legal Content Management

• Description: Type of legal document that can be added as part of legal transactions. It is assembled or retrieved dynamically, based on the templates and text blocks available in Enterprise Contract Assembly. It can be viewed in Enterprise Contract Management.

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• Key Concepts: 
  A virtual document is a type of document that is created and stored in the SAP LCM Legal Content Management system. It is a digital representation of a physical document, such as a contract or agreement, that can be accessed and edited online. It is not a physical document, but rather an electronic version of the same document. 
  
  How to use it: 
  Virtual documents can be created in the SAP LCM Legal Content Management system by uploading a physical document or by creating a new document from scratch. Once the virtual document is created, it can be edited, shared, and stored in the system. It can also be used to create new documents or to update existing documents. 
  
  Tips & Tricks: 
  When creating a virtual document in the SAP LCM Legal Content Management system, it is important to ensure that all of the information is accurate and up-to-date. Additionally, it is important to keep track of any changes that are made to the document so that they can be easily accessed and reviewed at any time. 
  
  Related Information: 
  The SAP LCM Legal Content Management system also allows users to create and store other types of documents, such as contracts, agreements, and policies. Additionally, users can access and manage their documents from anywhere with an internet connection.