What is financing option in SAP CRM-LAM - CRM Leasing?

SAP Term: financing option

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: Gives the lessee the right to exercise an option on defined exercise dates.

Smart SAP Assistant

• Key Concepts: 
  Financing option is a component of SAP CRM Leasing and Asset Management (CRM-LAM). It enables customers to finance their purchases of goods and services through leasing or other financing options. This component provides customers with the ability to manage their financing options, such as setting up payment plans, tracking payments, and managing their financial obligations. 
  
  How to use it: 
  The Financing Option component of CRM-LAM can be used to set up payment plans for customers. Customers can select from a variety of payment plans, such as monthly payments, quarterly payments, or annual payments. The customer can also set up automatic payments for their financing option. The customer can also track their payments and manage their financial obligations through the Financing Option component. 
  
  Tips & Tricks: 
  When setting up a payment plan for a customer, it is important to consider the customer’s financial situation and ability to make payments on time. It is also important to ensure that the customer understands the terms of the financing option and is aware of any potential penalties for late payments. 
  
  Related Information: 
  For more information about SAP CRM Leasing and Asset Management (CRM-LAM), please visit the SAP website at https://www.sap.com/products/crm-lam.html.