What is designation splitting in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: designation splitting

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: If you choose to use designation splitting, you can generate n exposure subitems with different amounts and due dates within n different hedging relationships with the same financial transaction derivative as hedging instrument. In this way, designation is split into n designations of hedging relationships.

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• Key Concepts: 
  Designation splitting is a feature of SAP Transaction Manager (TM) that allows users to split a single payment into multiple designations. This feature is useful for companies that need to make payments to multiple vendors or suppliers from a single payment. It allows users to specify the amount of money to be allocated to each vendor or supplier, and also allows for the designation of different payment methods for each vendor or supplier. 
  
  How to use it: 
  To use designation splitting, users must first create a payment order in TM. Once the payment order is created, users can select the “Split Designation” option from the menu. This will open a window where users can enter the details of each vendor or supplier, including the amount of money to be allocated and the payment method. Once all of the details have been entered, users can save the payment order and submit it for processing. 
  
  Tips & Tricks: 
  When using designation splitting, it is important to double-check all of the details before submitting the payment order. This will ensure that all vendors and suppliers receive their payments correctly and on time. Additionally, it is important to keep track of all payments made using designation splitting, as this will help with reconciliation and auditing processes. 
  
  Related Information: 
  For more information about designation splitting in SAP Transaction Manager, please refer to SAP Help documentation or contact your local SAP support team.