What is Make Ad Hoc Payments in SAP FIN-FSCM-CCP - Customer Payments?

SAP Term: Make Ad Hoc Payments

• Component: FIN-FSCM-CCP

• Component Name: Customer Payments

• Description: An app for making ad hoc payments when an invoice hasn't been created yet in SAP S/4HANA Cloud for customer payments.

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• Key Concepts: 
  Make Ad Hoc Payments is a feature of the SAP Customer Payments component of the Financial Supply Chain Management (FSCM) module. It allows users to make payments to customers on an ad hoc basis, meaning that payments can be made without having to create a payment plan or schedule. This feature is useful for making one-off payments or for making payments to customers who do not have a payment plan in place. 
  
  How to use it: 
  To make an ad hoc payment, users must first enter the customer’s details into the system. This includes the customer’s name, address, and bank account information. Once this information is entered, users can then select the “Make Ad Hoc Payment” option from the menu. This will open a window where users can enter the amount of the payment and any additional information that may be required. Once all of the information is entered, users can then submit the payment for processing. 
  
  Tips & Tricks: 
  When making an ad hoc payment, it is important to double-check all of the information that is entered into the system. This includes ensuring that all of the customer’s details are correct and that the amount of the payment is accurate. Additionally, it is important to ensure that all of the required documents are attached to the payment before it is submitted for processing. 
  
  Related Information: 
  The Make Ad Hoc Payments feature is part of SAP’s Financial Supply Chain Management (FSCM) module. Other features of this module include Payment Plans, Payment Schedules, and Payment Reconciliation. Additionally, SAP also offers a range of other financial management solutions such as Accounts Payable and Accounts Receivable.