What is payment request in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: payment request

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: A document for generating payment media. Payment requests can be generated automatically when payments that are due are posted. They are subsequently settled individually or collectively using the Treasury payment program.

Smart SAP Assistant

• Key Concepts: 
  Payment request is a feature of the Transaction Manager component of SAP's Financial Supply Chain Management (FSCM) module. It allows users to create and manage payment requests for goods and services. Payment requests are used to initiate payments to vendors, customers, and other third parties. 
  
  How to use it: 
  Payment requests can be created in the Transaction Manager component of SAP FSCM. The user can enter the details of the payment request, such as the vendor, amount, and payment method. Once the payment request is created, it can be approved by an authorized user and sent to the vendor for processing. 
  
  Tips & Tricks: 
  When creating a payment request, it is important to ensure that all of the necessary information is included. This includes the vendor name, address, contact information, and payment method. Additionally, it is important to ensure that all of the required documents are attached to the payment request before it is sent for approval. 
  
  Related Information: 
  The Transaction Manager component of SAP FSCM also includes features such as invoice management, credit management, and dispute management. Additionally, SAP FSCM also includes features such as cash management and treasury management.