What is previous version in SAP SRM-EBP-CON - Contract Management?

SAP Term: previous version

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: Object status indicating that a new version of this contract has been created. Versioning is used to track contract change history.

Smart SAP Assistant

• Key Concepts: 
  Previous version is a term used in SAP SRM-EBP-CON Contract Management to refer to the version of a contract that was in effect before the current version. It is important to keep track of previous versions of contracts in order to ensure that all changes are properly documented and accounted for.
  
  How to use it: 
  When creating a new version of a contract, the previous version should be referenced. This can be done by selecting the “Previous Version” option from the drop-down menu when creating a new version. This will ensure that all changes are properly documented and accounted for.
  
  Tips & Tricks: 
  It is important to keep track of all previous versions of contracts in order to ensure that all changes are properly documented and accounted for. It is also important to make sure that all changes are properly communicated to all parties involved in the contract.
  
  Related Information: 
  For more information on SAP SRM-EBP-CON Contract Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using SAP SRM-EBP-CON Contract Management.