What is single settlement item in SAP CRM-IM-IPM - Intellectual Property Management?

SAP Term: single settlement item

• Component: CRM-IM-IPM

• Component Name: Intellectual Property Management

• Description: Individual information in a settlement data collector, which is cumulated for settlement purposes and retained as an individual statement.

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• Key Concepts: 
  Single settlement item is a term used in SAP's Intellectual Property Management (IPM) component of its Customer Relationship Management (CRM) suite. It is a type of settlement item that is used to represent a single payment or transaction. It is typically used when there is only one payment or transaction to be made, such as when a customer pays for a single product or service. 
  
  How to use it: 
  Single settlement items can be created in the SAP system by entering the relevant information into the appropriate fields. This includes the amount of the payment, the type of payment, and any other relevant details. Once the information has been entered, the single settlement item can be saved and used for future transactions. 
  
  Tips & Tricks: 
  When creating a single settlement item, it is important to ensure that all of the necessary information is entered correctly. This includes double-checking that the amount of the payment is correct and that all other details are accurate. Additionally, it is important to remember that single settlement items can only be used for one transaction at a time, so if multiple payments need to be made, multiple settlement items must be created. 
  
  Related Information: 
  Single settlement items are just one type of settlement item available in SAP's IPM component. Other types of settlement items include recurring payments, installment payments, and deferred payments. Additionally, there are various other features available in SAP's IPM component that can help manage and track payments and transactions.