What is business partner in SAP AP-MD-BP - SAP Business Partner?

SAP Term: business partner

• Component: AP-MD-BP

• Component Name: SAP Business Partner

• Description: A person, organization, or group of people/organizations in which a company has a business interest. It can be a person, organization, or group inside or outside of the company. Examples: Ms. Lisa Müller Elektro Maier GmbH Purchasing department of Elektro Maier GmbH

Smart SAP Assistant

• Key Concepts: 
  A 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 SAP Business Partner component (AP-MD-BP) is a master data management tool that allows companies to store and manage information about their business partners. 
  
  How to use it: 
  The SAP Business Partner component can be used to create, store, and manage information about business partners. This includes contact information, payment terms, and other relevant data. The component also allows companies to assign roles to their business partners, such as customer or vendor. 
  
  Tips & Tricks: 
  When creating a new business partner in the SAP Business Partner component, it is important to ensure that all relevant information is entered accurately. This will help ensure that the data is up-to-date and accurate when needed. 
  
  Related Information: 
  The SAP Business Partner component is closely related to the SAP Customer Relationship Management (CRM) module. The CRM module allows companies to manage customer relationships and track customer interactions. It also provides tools for managing customer data and creating marketing campaigns.