What is payment form in SAP CRM-LAM - CRM Leasing?

SAP Term: payment form

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: The way in which payment is made for a product, for example in cash, by bank transfer, or by bill of exchange.

Smart SAP Assistant

• Key Concepts: 
  Payment form is a feature of SAP CRM Leasing and Asset Management (CRM-LAM) that allows users to define payment terms for leasing contracts. It enables users to define the payment frequency, payment amount, and payment date for each contract. Payment forms can be used to create a variety of payment plans, such as fixed payments, variable payments, and deferred payments.
  
  How to use it: 
  To use the payment form feature in SAP CRM-LAM, users must first create a leasing contract. Once the contract is created, users can access the payment form by selecting the “Payment Form” tab in the contract details page. From there, users can define the payment terms for the contract by entering the desired payment frequency, amount, and date. 
  
  Tips & Tricks: 
  When creating a payment form in SAP CRM-LAM, it is important to consider the customer’s needs and preferences. For example, if a customer prefers to make monthly payments, then it may be beneficial to set up a fixed payment plan with monthly payments. Additionally, it is important to consider any applicable taxes or fees when setting up a payment plan. 
  
  Related Information: 
  For more information on using the payment form feature in SAP CRM-LAM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/CRM_LEASING_AND_ASSET_MANAGEMENT/7.0/en-US