SRM Upgrade from SRM 4.0

Does anyone have any good incite on upgrading from SRM 4.0 to SRM 5.0 possibly(6.0)? We are preparing to upgrade to ECC 6.0 and I want to know for:
1 - Is an SRM upgrade absolutely required if we are currently on 4.0?
2 - What are the possible benefits/pitfalls of the upgrade in both SRM 5.0 and 6.0?
Your wisdom is greatly appreciated!
Points will be rightfully rewarded!
Charles

Hi,
See the foll links:
SRM 6.0 update
https://websmp101.sap-ag.de/~sapidb/011000358700006330942006D
Since SRM 6.0 is quite new, and will be officially released after some time, you need to read the release notes in order to find the exact differences in terms of enhancements from the above link.
Refer to this OSS Note as well.
Note 995220 - SRM 6.0 SP Stack 00 (12/2006): Release Information Note
You can check next link:
https://websmp110.sap-ag.de/srm
Re: Additional advantages of having SRM in EBP 5.0 compared to EBP 2.0
In EBP 5.0, you have more flexibility in case of the WF's.e.g. in the SC Approval WF's ,you can have the n-step dynamic header level as well as the Item level approval Workflow in addition to the Standard 1 step,2 step and no approval Workflows
BR,
Disha.
<b>Pls reward points for helpful answers.</b>

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