What is 'payoff quote' in SAP FS-AM-OM-AC - Account Order?

payoff quote - Overview

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: An activated order for early payoff that is created as a resulr of a payoff query from the borrower.

payoff quote - Details

• 
  Key Concepts: 
  A payoff quote is a type of quote used in the FS-AM-OM-AC Account Order Management component of SAP. It is used to calculate the amount of money that a customer owes for an account order. The payoff quote includes the total amount due, the payment terms, and any applicable discounts or fees. 
  
  How to use it: 
  In order to create a payoff quote, the user must first enter the customer's account information into SAP. This includes the customer's name, address, and contact information. Once this information is entered, the user can then enter the details of the order, such as the items being purchased and their prices. The user can then generate a payoff quote that includes all of this information. 
  
  Tips & Tricks: 
  When creating a payoff quote, it is important to double-check all of the information entered into SAP to ensure accuracy. Additionally, it is important to make sure that all applicable discounts and fees are included in the quote. 
  
  Related Information: 
  The FS-AM-OM-AC Account Order Management component of SAP also includes other types of quotes, such as sales quotes and purchase orders. Additionally, SAP also offers other components that can be used to manage customer accounts and orders, such as FS-AM-OM-AR Accounts Receivable and FS-AM-OM-AP Accounts Payable.