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How to index a sales contract on the basis of a yearly price increase (e.g. 3%)

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As per customer requirement - running sales contracts require a price increase due to yearly indexation/inflation. What would be the best way to have these price increases performed on the contracts? I foresee this is a "normal" business scenario - but could not find a proper solution to overcome this challenge.

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22C - Enteprise Contract Management - Sales Agreements

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