What is alternative payer/payee in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: alternative payer/payee

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A business partner who makes a payment, but who is not identical with the business partner against whom a claim exists.

Smart SAP Assistant

• Key Concepts: 
  Alternative payer/payee is a feature of SAP Transaction Manager (FIN-FSCM-TRM-TM) that allows users to define alternative payers and payees for a given transaction. This feature is useful when dealing with multiple parties involved in a transaction, such as when a company is buying goods from a supplier and paying for them with a third-party payment provider. 
  
  How to use it: 
  To use the alternative payer/payee feature, users must first define the alternative payers and payees in the system. This can be done by creating a new transaction type and assigning the alternative payers and payees to it. Once the transaction type is created, users can then assign it to any transaction they wish to use it for. 
  
  Tips & Tricks: 
  When setting up alternative payers and payees, it is important to ensure that all parties involved in the transaction are properly identified. This will help ensure that all payments are made correctly and on time. Additionally, it is important to keep track of all transactions that involve alternative payers and payees, as this will help ensure that all payments are accounted for correctly. 
  
  Related Information: 
  For more information on how to use the alternative payer/payee feature in SAP Transaction Manager, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to set up and use this feature.