What is validity period in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: validity period

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: The length of time during which an object, such as a contract or business character, exists or is in effect. A validity period has specific start and end dates.

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• Key Concepts: 
  Validity period is a feature in SAP Customer Relationship Management (CRM) that allows users to set a specific time frame for a particular activity or task. This feature helps users to manage their activities and tasks more efficiently. It also helps to ensure that activities and tasks are completed within the specified time frame. 
  
  How to use it: 
  To use the validity period feature, users must first define the validity period for the activity or task. This can be done by setting a start date and an end date for the validity period. Once the validity period is set, users can then assign tasks or activities to be completed within that time frame. 
  
  Tips & Tricks: 
  It is important to remember that the validity period should be set according to the task or activity that needs to be completed. For example, if a task needs to be completed within a week, then the validity period should be set accordingly. Additionally, it is important to keep track of the validity periods for each task or activity so that they can be completed on time. 
  
  Related Information: 
  The validity period feature in SAP CRM can also be used in conjunction with other features such as notifications and reminders. This allows users to receive notifications and reminders when tasks or activities are due within the specified validity period. Additionally, this feature can also be used in conjunction with other features such as workflow management and reporting.