What is 'credit information' in SAP FIN-FSCM-CR - Credit Management?

credit information - Overview

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: Information based on which you evaluate the credit worthiness of a company.

credit information - Details

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  Key Concepts: 
  Credit information is a component of SAP's Credit Management module. It is used to manage the credit risk of customers and vendors by providing an overview of their creditworthiness. It also helps to identify potential risks and take preventive measures. Credit information includes data such as customer and vendor credit ratings, payment history, and financial statements. 
  
  How to use it: 
  The Credit Management module can be used to set up credit limits for customers and vendors, monitor their creditworthiness, and take preventive measures when necessary. It also provides an overview of the customer's or vendor's payment history, financial statements, and other relevant data. This data can be used to assess the customer's or vendor's creditworthiness and make decisions about granting or denying credit. 
  
  Tips & Tricks: 
  When setting up credit limits for customers or vendors, it is important to consider their payment history, financial statements, and other relevant data. This will help to ensure that the credit limit is appropriate for the customer or vendor's risk profile. Additionally, it is important to regularly monitor the customer's or vendor's creditworthiness in order to identify any potential risks. 
  
  Related Information: 
  The Credit Management module is part of SAP's Financial Supply Chain Management (FSCM) suite of products. Other components of FSCM include Accounts Receivable (AR), Accounts Payable (AP), Cash Management (CM), and Treasury Management (TM). These