What is contract in SAP SRD-CRM-ORD - CRM-Orders & Contracts?

SAP Term: contract

• Component: SRD-CRM-ORD

• Component Name: CRM-Orders & Contracts

• Description: A legally-binding sales or service agreement between parties stating their respective obligations and responsibilities.

Smart SAP Assistant

• Key Concepts: 
  A contract in SAP is an agreement between two or more parties that is legally binding. It is used to define the terms and conditions of a business relationship, such as the delivery of goods or services. Contracts can be used to manage customer relationships, track orders, and ensure compliance with regulations. 
  
  How to use it: 
  In SAP, contracts are created in the SRD-CRM-ORD CRM-Orders & Contracts component. This component allows users to create and manage contracts, as well as track orders and monitor customer relationships. Contracts can be created for a variety of purposes, such as sales orders, purchase orders, service agreements, and more. 
  
  Tips & Tricks: 
  When creating a contract in SAP, it is important to ensure that all relevant information is included. This includes the terms and conditions of the agreement, as well as any applicable taxes or fees. Additionally, it is important to review the contract regularly to ensure that it is up-to-date and compliant with any applicable regulations. 
  
  Related Information: 
  For more information on contracts in SAP, please refer to the official SAP documentation on SRD-CRM-ORD CRM-Orders & Contracts. Additionally, there are many online resources available that provide helpful tips and tricks for creating and managing contracts in SAP.