What is referencing attribute in SAP SRM-EBP-CON - Contract Management?

SAP Term: referencing attribute

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: Contract attribute that, when selected, establishes a parent-child relationship between contracts at the contract header level and activates a contract hierarchy. Changes made to the parent contract are reflected in the child contract's referencing attribute, thereby automatically updating the child contract to reflect those changes.

Smart SAP Assistant

• Key Concepts: 
  Referencing attribute is a feature in SAP SRM-EBP-CON Contract Management that allows users to reference an existing contract and use it as a template for creating a new contract. This feature helps to save time and effort by eliminating the need to manually enter the same information multiple times. 
  
  How to use it: 
  To use the referencing attribute, users must first create a contract template. This template should include all of the necessary information that will be used in the new contract. Once the template is created, users can then select the referencing attribute when creating a new contract. This will automatically populate the new contract with the information from the template. 
  
  Tips & Tricks: 
  When creating a contract template, it is important to include all of the necessary information that will be used in the new contract. This will ensure that all of the relevant information is included in the new contract and save time when creating multiple contracts. Additionally, users should make sure to update their templates regularly to ensure that they are using the most up-to-date information. 
  
  Related Information: 
  For more information on referencing attributes in SAP SRM-EBP-CON Contract Management, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/SRM_EBP_CON/7.0/en-US/f8d9f3c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8a9f3d7c2b6a14e8