What is master data in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: master data

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A pool of information that is stored on a long-term basis in the SAP system and can be incorporated into individual transactions. &EXAMPLE& Business partners Standing instructions Security classes

Smart SAP Assistant

• Key Concepts: 
  Master data is a type of data that is used to define the characteristics of an entity. In the context of SAP Transaction Manager (TM), master data is used to define the parameters and settings for transactions, such as payment terms, currencies, and exchange rates. 
  
  How to use it: 
  In SAP TM, master data can be used to define the parameters and settings for transactions. This includes setting up payment terms, currencies, and exchange rates. Additionally, master data can be used to define the rules and conditions for transactions. 
  
  Tips & Tricks: 
  When setting up master data in SAP TM, it is important to ensure that all of the parameters and settings are accurate and up-to-date. This will help ensure that transactions are processed correctly and efficiently. 
  
  Related Information: 
  For more information on master data in SAP TM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_TRANSACTION_MANAGER/7.50/en-US