What is planning advice in SAP FIN-FSCM-CLM-CM - Cash Management?

SAP Term: planning advice

• Component: FIN-FSCM-CLM-CM

• Component Name: Cash Management

• Description: Notification of an incoming or outgoing payment that has an effect on the cash position.

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• Key Concepts: 
  Planning advice is a feature of SAP Cash Management that helps companies plan their cash flow. It provides an overview of the expected cash flow for a given period, taking into account all relevant factors such as customer payments, vendor payments, and other transactions. The planning advice also provides an analysis of the expected cash flow and can be used to make decisions about how to manage the company's cash. 
  
  How to use it: 
  To use the planning advice feature, users must first enter the relevant data into the system. This includes information about customer payments, vendor payments, and other transactions. Once this data is entered, the system will generate a report that provides an overview of the expected cash flow for a given period. The report can then be used to make decisions about how to manage the company's cash. 
  
  Tips & Tricks: 
  When using the planning advice feature, it is important to ensure that all relevant data is entered accurately. This will ensure that the report generated by the system is accurate and can be used to make informed decisions about how to manage the company's cash. Additionally, it is important to regularly review the report generated by the system in order to ensure that it is up-to-date and accurate. 
  
  Related Information: 
  The planning advice feature of SAP Cash Management is closely related to other features such as liquidity forecasting and cash pooling. These features can be used in conjunction with planning advice in order to provide a more comprehensive view of a company's cash flow. Additionally, SAP Cash Management also offers features such as payment processing and bank reconciliation which can be used in conjunction with planning advice in order to ensure that all transactions are properly accounted for.