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

SAP Term: financing product

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: Data store for financing-relavant attributes that specify framework conditions under which specific products for example, computers or automobiles can be financed. Basic conditions include validity period, due date, and payment form.

Smart SAP Assistant

• Key Concepts: 
  A financing product is a type of financial instrument used to finance the purchase of goods or services. In the context of SAP CRM-LAM (CRM Leasing and Asset Management), a financing product is a product that enables customers to finance the purchase of goods or services through leasing or other financing options. 
  
  How to use it: 
  In SAP CRM-LAM, users can create and manage financing products. This includes setting up the terms and conditions of the financing product, such as the interest rate, repayment period, and other details. Users can also manage the customer's payments and track the status of the financing product. 
  
  Tips & Tricks: 
  When creating a financing product in SAP CRM-LAM, it is important to ensure that all of the terms and conditions are clearly defined and understood by both parties. Additionally, it is important to keep track of customer payments in order to ensure that they are being made on time. 
  
  Related Information: 
  SAP CRM-LAM also provides other features related to financing products, such as credit scoring, risk management, and reporting. Additionally, SAP CRM-LAM can be integrated with other SAP modules such as FI/CO (Financial Accounting/Controlling) and SD (Sales & Distribution) for a more comprehensive view of customer finances.