In this video, I have explained the creation of Contracts in SAP. I explained manual creation and also with reference to Purchase Requisition. I hope it will be helpful for your learning.
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I mapped this scenario for one of the clients I worked as per the requirement. I prepared a document as per the mapped process for you. I hope this document will be helpful to handle somewhere in your work area. Detailed step by step user manual is provided in below attached document
Rent Payment Process with SAP MM