What is XO business object in SAP FS-BP - Business Partner?

SAP Term: XO business object

• Component: FS-BP

• Component Name: Business Partner

• Description: The representation of a whole business object with its metadata and connection to the assigned segments within the extensible object framework. &EXAMPLE& SAP for Financial Services; customer; service provider

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• Key Concepts: 
  The XO business object is a component of the FS-BP Business Partner module in SAP. It is used to store and manage customer and vendor data, such as contact information, payment terms, and credit limits. It also provides a central repository for all customer and vendor-related data, allowing for easy access and retrieval. 
  
  How to use it: 
  The XO business object can be accessed through the SAP GUI or via the SAP API. To create a new customer or vendor record, users must enter the required information into the XO business object. This includes contact information, payment terms, and credit limits. Once the record is created, it can be accessed and updated at any time. 
  
  Tips & Tricks: 
  When creating a new customer or vendor record in the XO business object, it is important to ensure that all required fields are filled out correctly. This will help ensure that the data is accurate and up-to-date. Additionally, users should take advantage of the search functionality to quickly find existing records. 
  
  Related Information: 
  The XO business object is part of the larger FS-BP Business Partner module in SAP. Other components of this module include the BP Master Data, BP Relationships, and BP Contacts objects. Additionally, there are several other modules in SAP that are related to customer and vendor management, such as SD Sales & Distribution and MM Materials Management.