What is annual contract value in SAP SAP-LEGAL - Global Field Legal?

SAP Term: annual contract value

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The amount of money that a contract is worth each year.

Smart SAP Assistant

• Key Concepts: 
  Annual Contract Value (ACV) is a term used in SAP-LEGAL Global Field Legal to refer to the total value of a contract over the course of one year. This includes any fees, taxes, or other costs associated with the contract. It is important to note that ACV does not include any discounts or incentives that may be offered. 
  
  How to use it: 
  When creating a contract in SAP-LEGAL Global Field Legal, you will need to enter the ACV. This can be done by entering the total value of the contract for one year, including any fees, taxes, or other costs associated with the contract. It is important to note that any discounts or incentives should not be included in this calculation. 
  
  Tips & Tricks: 
  When calculating the ACV for a contract, it is important to make sure that all fees, taxes, and other costs are included in the calculation. Additionally, it is important to remember that any discounts or incentives should not be included in this calculation. 
  
  Related Information: 
  For more information on calculating ACV for contracts in SAP-LEGAL Global Field Legal, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for calculating ACV accurately and efficiently.