What is recurring fee in SAP SAP-LEGAL - Global Field Legal?

SAP Term: recurring fee

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: A fee that is charged at the beginning of every billing cycle i.e. not a one-time fee.

Smart SAP Assistant

• Key Concepts: 
  A recurring fee is a type of payment that is charged on a regular basis, such as monthly or annually. In the context of SAP-LEGAL Global Field Legal, it is a fee charged for the use of the software. 
  
  How to use it: 
  Recurring fees are typically used to cover the cost of maintenance and support for the software. They can also be used to cover the cost of additional features or services that are added to the software over time. 
  
  Tips & Tricks: 
  When setting up a recurring fee, it is important to consider how often it will be charged and how much it will cost. It is also important to consider how long the fee will be in effect and if there are any discounts available for long-term customers. 
  
  Related Information: 
  Recurring fees are often used in conjunction with other types of payments, such as one-time fees or subscription fees. It is important to understand how these different types of payments work together in order to ensure that you are getting the most value out of your software investment.