What is 'business partner' in SAP FIN-FSCM-TRM-TM - Transaction Manager?

business partner - Overview

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: An organization or a private individual in which you have a business interest. In Treasury, you assign roles to your business partners, such as counterparty, issuer, or borrower. These roles control the permitted functions for that type of business relationship. Typical partners might be banks or a central treasury department.

business partner - Details

• 
  Key Concepts: 
  A business partner is a term used in SAP Transaction Manager (FIN-FSCM-TRM-TM) to refer to an entity that is involved in a business transaction. This could be a customer, vendor, or other third party. Business partners are used to store and manage information about the entities involved in a transaction. 
  
  How to use it: 
  In SAP Transaction Manager, business partners can be created and managed in the Business Partner Master Data application. This application allows users to create and maintain records for each business partner, including contact information, payment terms, and other relevant data. Business partners can also be linked to transactions, allowing users to quickly access the relevant information for each transaction. 
  
  Tips & Tricks: 
  When creating a new business partner record, it is important to ensure that all of the necessary information is included. This will help ensure that all of the relevant data is available when needed. Additionally, it is important to keep the business partner records up-to-date with any changes that may occur over time. 
  
  Related Information: 
  Business partners are closely related to customers and vendors in SAP Transaction Manager. Customers and vendors are also managed in the Business Partner Master Data application, but they have additional features such as credit limits and payment terms that are not available for business partners. Additionally, customers and vendors can be linked