What is 'Business Partner' in SAP AP-BP - FDN-Business Partner Data Management?

Business Partner - Overview

• Component: AP-BP

• Component Name: FDN-Business Partner Data Management

• Description: A person, an organization, or a group of persons or organizations, in which a company has a business interest.

Business Partner - Details

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  Key Concepts: 
  Business Partner is a term used in SAP to refer to any external or internal entity with which a company has a business relationship. This includes customers, vendors, and other organizations. The Business Partner component of SAP is used to manage the data associated with these entities, such as contact information, payment terms, and other relevant details. 
  
  How to use it: 
  The Business Partner component of SAP can be used to create and maintain records for each business partner. This includes entering contact information, payment terms, and other relevant details. It also allows users to search for existing business partners and view their records. Additionally, users can use the Business Partner component to generate reports on business partner data. 
  
  Tips & Tricks: 
  When creating a new business partner record, it is important to enter all relevant information accurately. This will ensure that the data is up-to-date and can be used for reporting purposes. Additionally, it is important to keep the records of existing business partners up-to-date by regularly reviewing and updating them as needed. 
  
  Related Information: 
  The Business Partner component of SAP is closely related to other components such as Customer Relationship Management (CRM) and Supplier Relationship Management (SRM). These components are used to manage customer and supplier relationships respectively. Additionally, the Business Partner component can be integrated with other SAP modules such