What is 'payment behavior summary' in SAP FIN-FSCM-CR - Credit Management?

payment behavior summary - Overview

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: Summary of credit-relevant data for each business partner and credit segment used for credit checks in SAP .

payment behavior summary - Details

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  Key Concepts: 
  Payment behavior summary is a component of SAP Credit Management. It provides an overview of the payment behavior of customers and vendors. It includes information such as the number of days overdue, the total amount overdue, and the total amount paid. This information can be used to assess the creditworthiness of customers and vendors. 
  
  How to use it: 
  The payment behavior summary can be accessed in SAP Credit Management by navigating to the “Payment Behavior Summary” tab. This tab will display a list of customers and vendors with their payment behavior information. The user can then select a customer or vendor to view their payment behavior summary. 
  
  Tips & Tricks: 
  The payment behavior summary can be used to identify customers and vendors who are at risk of defaulting on payments. This information can then be used to adjust credit limits or take other measures to protect the company from potential losses. 
  
  Related Information: 
  The payment behavior summary is closely related to the credit limit check, which is also part of SAP Credit Management. The credit limit check is used to determine whether a customer or vendor has exceeded their credit limit and should not be allowed to make any more purchases until their balance is paid down.