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Sap hana store procedure insert, update operation


I need to create a simple store procedure that can create a record or update based if it exist or not.

I did this:

As you can see i validate if the record exist by finding it base on an input value (unique value) my validation consist in: select count(1) into...

I would like to know if my approach is ok or, is there other better way to perform this operations.

Thanks in advance

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