1. SAP Glossary
  2. FSCM In-House Cash
  3. IHC payment order


What is 'IHC payment order' in SAP FIN-FSCM-IHC - FSCM In-House Cash?


IHC payment order - Overview

  • Component: FIN-FSCM-IHC

  • Component Name: FSCM In-House Cash

  • Description: An order initiated by self-triggered payment transactions consisting of a payer and a recipient item. The IHC payment order only differs from a payment transaction from a programming point of view.


IHC payment order - Details


  • Key Concepts: IHC Payment Order is a component of the SAP Financial Supply Chain Management (FSCM) In-House Cash (IHC) module. It enables companies to manage their cash flow more efficiently by allowing them to create and process payment orders for their suppliers and customers. The payment orders are created in the IHC Payment Order application and can be used to pay suppliers, customers, or other entities.
    How to use it: The IHC Payment Order application is used to create and process payment orders. It allows users to enter the details of the payment order, such as the amount, currency, and payment method. Once the payment order is created, it can be processed and sent to the supplier or customer. The payment order can also be tracked in the system to ensure that it is processed correctly.
    Tips & Tricks: When creating a payment order, it is important to ensure that all of the details are correct. This includes the amount, currency, and payment method. Additionally, it is important to ensure that all of the necessary documents are attached to the payment order before it is sent out. This will help ensure that the payment order is processed correctly and on time.
    Related Information: The IHC Payment Order application is part of the SAP FSCM In-House Cash module. Other components of this module include IHC Bank

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IHC payment order - Related SAP Terms

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