What is prospect in SAP AP-MD-BP - SAP Business Partner?

SAP Term: prospect

• Component: AP-MD-BP

• Component Name: SAP Business Partner

• Description: A business partner interested in conducting business or assumed to have such an interest

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• Key Concepts: 
  A prospect is a type of SAP Business Partner (BP) that is used to store information about potential customers. It is used to store contact information, such as name, address, and phone number, as well as other relevant data. Prospects are not yet customers, but they may become customers in the future. 
  
  How to use it: 
  Prospects can be created in the SAP system by entering the necessary information into the BP master data. This data can then be used to track potential customers and their interactions with the company. Prospects can also be converted into customers by changing their BP role from prospect to customer. 
  
  Tips & Tricks: 
  It is important to keep track of prospects in the SAP system in order to ensure that all potential customers are being tracked and followed up on. Additionally, it is important to keep the BP master data up-to-date in order to ensure that all relevant information is available when needed. 
  
  Related Information: 
  For more information on SAP Business Partners, please refer to the SAP Help Portal or contact your local SAP consultant.