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

SAP Term: clearing house

• Component: AP-BP

• Component Name: FDN-Business Partner Data Management

• Description: A business partner who represents a bank through which a company can process its payment card transactions.

Smart SAP Assistant

• Key Concepts: 
  A Clearing House is a component of the SAP Business Partner Data Management (AP-BP FDN) module. It is a central repository for all business partner data, such as customer and vendor information. The Clearing House allows for the efficient management of business partner data across multiple systems and applications. 
  
  How to use it: 
  The Clearing House can be used to store and manage business partner data, such as customer and vendor information. This data can then be accessed and used by other systems and applications. The Clearing House also provides a central point of access for business partner data, allowing for easy retrieval and manipulation of the data. 
  
  Tips & Tricks: 
  When using the Clearing House, it is important to ensure that all business partner data is up-to-date and accurate. This will ensure that the data is consistent across all systems and applications that use it. Additionally, it is important to regularly review the data stored in the Clearing House to ensure that it is still relevant and up-to-date. 
  
  Related Information: 
  The Clearing House is part of the SAP Business Partner Data Management (AP-BP FDN) module. This module also includes other components such as the Business Partner Master Data Management (BP MDM) and the Business Partner Relationship Management (BP RM). These components can be used in conjunction with the Clearing House to provide a comprehensive solution for managing business partner data.