What is 'clearing partner' in SAP FIN-FSCM-IHC - FSCM In-House Cash?

clearing partner - Overview

• Component: FIN-FSCM-IHC

• Component Name: FSCM In-House Cash

• Description: System to which a payment order is forwarded because the payee is not in the same bank area as the payer. If you are dealing with an external payment, the clearing partner will usually be an FI system which forwards the payment to the external house bank.

clearing partner - Details

• 
  Key Concepts: 
  A clearing partner is a partner in a business relationship that is used to clear payments between two parties. In SAP, a clearing partner is used in the FSCM In-House Cash (IHC) component to manage payments between two parties. The clearing partner is responsible for the reconciliation of payments and the settlement of any differences between the two parties. 
  
  How to use it: 
  In SAP, a clearing partner can be set up in the FSCM In-House Cash (IHC) component. To do this, go to the “Manage Clearing Partners” tab in the IHC component and enter the details of the partner. This includes their name, address, and contact information. Once the details have been entered, the clearing partner can be used to manage payments between two parties. 
  
  Tips & Tricks: 
  When setting up a clearing partner in SAP, it is important to ensure that all of the details are correct and up-to-date. This will help to ensure that payments are processed correctly and any differences are settled quickly and efficiently. 
  
  Related Information: 
  For more information on setting up a clearing partner in SAP, please refer to the official SAP documentation on FSCM In-House Cash (IHC).