What is 'vendor link' in SAP FS-BP - Business Partner?

vendor link - Overview

• Component: FS-BP

• Component Name: Business Partner

• Description: The setting for a business partner that determines whether and how a corresponding vendor is created in the Financial Accounting system.

vendor link - Details

• 
  Key Concepts: 
  Vendor link is a component of the FS-BP Business Partner module in SAP. It allows users to create and maintain relationships between vendors and customers. This includes setting up payment terms, managing invoices, and tracking vendor performance. 
  
  How to use it: 
  To use vendor link, users must first create a vendor master record. This record contains all the necessary information about the vendor, such as contact information, payment terms, and other relevant data. Once the master record is created, users can then create a link between the vendor and customer. This link allows users to manage invoices, track payments, and monitor vendor performance. 
  
  Tips & Tricks: 
  When creating a vendor master record, it is important to ensure that all the necessary information is included. This will help ensure that the link between the vendor and customer is properly maintained. Additionally, it is important to regularly review the vendor performance data to ensure that vendors are meeting their contractual obligations. 
  
  Related Information: 
  For more information on vendor link in SAP, please refer to the SAP Help Portal or contact your local SAP support team.