What is contract mass update in SAP SRM-EBP-CON - Contract Management?

SAP Term: contract mass update

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: Process started when an RFx response or bid is accepted. Where items in the RFx response or bid have the same suppliers, the same currencies, and the same products as one or more existing contract, the contracts is are updated with the prices and other header/item information from the RFx response or bid. If the RFx response or bid contains new products, these can also be attached to existing contracts with the same supplier and currency append function, or a new contract can created.

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• Key Concepts: 
  Contract Mass Update is a feature in SAP SRM-EBP-CON Contract Management that allows users to quickly and easily update multiple contracts at once. This feature enables users to make changes to multiple contracts simultaneously, such as changing the contract terms, updating pricing information, or adding new clauses. This feature can save time and effort when making changes to multiple contracts. 
  
  How to use it: 
  To use the Contract Mass Update feature, users must first select the contracts they wish to update. This can be done by selecting the contracts from a list or by using filters to narrow down the selection. Once the contracts have been selected, users can then make the desired changes to all of the selected contracts at once. 
  
  Tips & Tricks: 
  When using the Contract Mass Update feature, it is important to double-check all of the changes that have been made before saving them. This will ensure that all of the changes have been applied correctly and that no mistakes have been made. Additionally, it is important to remember that any changes made with this feature will be applied to all of the selected contracts, so it is important to be careful when making changes. 
  
  Related Information: 
  For more information on how to use the Contract Mass Update feature in SAP SRM-EBP-CON Contract Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.