What is 'other party' in SAP AP - Application Platform?

other party - Overview

• Component: AP

• Component Name: Application Platform

• Description: A party role category for party roles, which may occur in business processes, but are not covered by one of the existing role categories.

other party - Details

• 
  Key Concepts: 
  In the SAP Application Platform, an “other party” is a third-party entity that interacts with the SAP system. This could be a customer, vendor, or any other external entity that needs to be tracked in the system. 
  
  How to use it: 
  In order to use the “other party” feature in the SAP Application Platform, you must first create an entry for the external entity in the system. This can be done by entering the necessary information such as name, address, contact information, etc. Once this is done, you can then assign transactions and activities to this other party. 
  
  Tips & Tricks: 
  When creating an entry for an “other party” in the SAP Application Platform, it is important to make sure that all of the necessary information is entered correctly. This will ensure that all transactions and activities are properly tracked and accounted for. 
  
  Related Information: 
  For more information on how to use the “other party” feature in the SAP Application Platform, please refer to the official documentation provided by SAP.