What is 'external' in SAP FS-AM - Account Management?

external - Overview

• Component: FS-AM

• Component Name: Account Management

• Description: Property of an object such as an account or master contract that is managed in another logical system. Communication takes place by means of one or more proxys such as the account proxy. Opposite: internal

external - Details

• 
  Key Concepts: 
  FS-AM Account Management (FS-AM) is a component of SAP software that enables organizations to manage their external accounts. It provides a comprehensive set of tools for managing customer accounts, including the ability to create and maintain customer profiles, track account activity, and manage customer payments. 
  
  How to use it: 
  To use FS-AM, organizations must first create an external account. This can be done by entering the customer's information into the system, such as name, address, contact information, and payment details. Once the account is created, organizations can then use FS-AM to manage the customer's account. This includes tracking account activity, creating and maintaining customer profiles, and managing customer payments. 
  
  Tips & Tricks: 
  When creating an external account in FS-AM, it is important to ensure that all of the customer's information is accurate and up-to-date. This will help ensure that the customer's account is managed properly and that any payments are processed correctly. Additionally, it is important to regularly review the customer's profile in FS-AM to ensure that all of their information is still accurate. 
  
  Related Information: 
  For more information on FS-AM Account Management, please visit SAP's website at https://www.sap.com/products/fs-am.html. Additionally, there are a number of online resources available that provide detailed tutorials on how to use FS-AM and best practices for managing external accounts.