What is standard option in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: standard option

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: The right to buy or sell a currency at a price fixed in the contract strike price on a specified expiry date or at any time during a specified exercise period.

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• Key Concepts: 
  Transaction Manager is a component of SAP Financial Supply Chain Management (FSCM) that helps manage and monitor financial transactions. The Standard Option is the default setting for Transaction Manager, which allows users to process transactions in a standard way. This includes setting up payment terms, managing payment methods, and tracking payment statuses. 
  
  How to use it: 
  To use the Standard Option in Transaction Manager, users must first set up the payment terms and payment methods. This can be done by entering the details of the payment terms and methods into the system. Once this is done, users can then start processing transactions using the Standard Option. This includes entering the details of the transaction, such as the amount, date, and payment method. The system will then track the status of the transaction and provide updates as needed. 
  
  Tips & Tricks: 
  When setting up payment terms and methods in Transaction Manager, it is important to ensure that all details are accurate and up-to-date. This will help ensure that transactions are processed correctly and efficiently. Additionally, it is important to regularly review and update payment terms and methods to ensure that they are still relevant and accurate. 
  
  Related Information: 
  For more information on Transaction Manager and its Standard Option, please refer to SAP’s official documentation on Financial Supply Chain Management (FSCM). Additionally, there are many online resources available that provide detailed tutorials on how to use Transaction Manager’s Standard Option.