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

SAP Term: update

• Component: SRM-EBP-CON

• Component Name: Contract Management

• Description: To replace the item prices in contracts with new prices, for example, with prices coming from an RFx response or a bid from the contractual supplier.

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• Key Concepts: 
  Update is a term used in SAP SRM-EBP-CON Contract Management to refer to the process of making changes to existing contracts. This includes changing the terms and conditions, updating the pricing, and making other modifications. It is important to note that updates must be approved by both parties before they can be implemented. 
  
  How to use it: 
  In order to update a contract, the user must first log into the SAP SRM-EBP-CON Contract Management system. Once logged in, they can navigate to the contract they wish to update and select the “Update” option. This will open a window where the user can make changes to the contract. Once all changes have been made, they must click “Save” in order for the updates to take effect. 
  
  Tips & Tricks: 
  When making updates to a contract, it is important to double check all changes before saving them. This will ensure that all changes are accurate and that no mistakes have been made. Additionally, it is important to remember that both parties must approve any updates before they can be implemented. 
  
  Related Information: 
  For more information on how to use SAP SRM-EBP-CON Contract Management, please refer to the official SAP documentation or contact your local SAP representative.