What is pay on account in SAP CA-ANW - SAP Anywhere?

SAP Term: pay on account

• Component: CA-ANW

• Component Name: SAP Anywhere

• Description: A payment method for online store B2B customers. Different from online payment, whereby instead of paying directly, their credit balance is deducted accordingly for each transaction. Payment is then settled on a regular basis to restore the credit balance.

Smart SAP Assistant

• Key Concepts: 
  Pay on account is a payment method available in SAP Anywhere that allows customers to pay for goods or services before they are delivered. This payment method is often used when customers are ordering large quantities of goods or services, or when the customer and supplier have an established relationship. 
  
  How to use it: 
  In SAP Anywhere, pay on account can be enabled by going to the Settings tab and selecting Payment Methods. From there, select the Pay on Account option and enter the necessary information. Once enabled, customers will be able to select this payment method when placing orders. 
  
  Tips & Tricks: 
  When using pay on account, it is important to ensure that customers have sufficient funds in their accounts to cover the cost of the order. Additionally, it is important to set up a payment schedule with customers so that payments are made on time. 
  
  Related Information: 
  For more information about pay on account in SAP Anywhere, please refer to the official documentation here: https://help.sapanywhere.com/en/docs/en/sa_en_payment_methods_pay_on_account/index.html