What is SAP Credit Management in SAP FIN-FSCM-CR - Credit Management?

SAP Term: SAP Credit Management

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: An application that supports and automates credit decisions.

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• Key Concepts: 
  SAP Credit Management is a component of the SAP Financial Supply Chain Management (FSCM) module. It is used to manage customer credit and risk, and to ensure that customers pay their invoices on time. It also helps to reduce the risk of bad debt and improve cash flow. 
  
  How to use it: 
  SAP Credit Management can be used to set credit limits for customers, monitor customer creditworthiness, and manage customer payment terms. It can also be used to automate the process of sending out invoices and collecting payments. 
  
  Tips & Tricks: 
  When setting up SAP Credit Management, it is important to ensure that the credit limits are set correctly. This will help to reduce the risk of bad debt and ensure that customers pay their invoices on time. 
  
  Related Information: 
  SAP Credit Management is closely related to other components of the FSCM module, such as SAP Collections Management and SAP Dispute Management. These components can be used in conjunction with SAP Credit Management to further improve customer credit management processes.