What is payee type in SAP BNS-CON - Concur?

SAP Term: payee type

• Component: BNS-CON

• Component Name: Concur

• Description: A unique identifier for the party who, in an exchange, receives payment and the name of a field on the Report Payees tab on the Payment Manager page.

Smart SAP Assistant

• Key Concepts: 
  Payee type is a field in the Concur system that identifies the type of payee associated with a payment. It is used to determine the payment method and other details related to the payment. The payee type can be either an individual or an organization. 
  
  How to use it: 
  In order to use the payee type field, you must first select the appropriate payee type from the drop-down menu. Once you have selected the payee type, you can then enter the relevant information associated with that payee type. This includes the name, address, and other details related to the payment. 
  
  Tips & Tricks: 
  When entering information into the payee type field, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that payments are processed correctly and efficiently. Additionally, it is important to remember that different payee types may require different payment methods or other details. 
  
  Related Information: 
  The payee type field is part of the BNS-CON Concur system, which is a comprehensive system for managing payments and other financial transactions. It is important to understand how this system works in order to ensure that payments are processed correctly and efficiently. Additionally, there are other fields in the BNS-CON Concur system that are related to the payee type field, such as payment method and payment terms.