What is payment order proxy in SAP FS-AM - Account Management?

SAP Term: payment order proxy

• Component: FS-AM

• Component Name: Account Management

• Description: Encapsulation mechanism that enables the applications to access payment orders, regardless of whether they are managed inside or outside the system.

Smart SAP Assistant

• Key Concepts: 
  Payment order proxy is a feature of the FS-AM Account Management component of SAP. It allows users to create payment orders that are automatically sent to the bank for processing. The payment order proxy is used to ensure that the payment orders are sent securely and accurately. 
  
  How to use it: 
  To use the payment order proxy, users must first create a payment order in SAP. Once the payment order is created, it can be sent to the bank for processing. The payment order proxy will then securely send the payment order to the bank and ensure that it is processed correctly. 
  
  Tips & Tricks: 
  When creating a payment order, it is important to double-check all of the information before sending it to the bank. This will help ensure that the payment order is processed correctly and securely. Additionally, users should be aware of any fees associated with using the payment order proxy. 
  
  Related Information: 
  The FS-AM Account Management component of SAP also includes features such as account reconciliation, account management, and cash management. Additionally, users can use SAP’s Payment Engine to process payments more quickly and securely.