What is broker hierarchy in SAP FS-CD - Collections/Disbursements?

SAP Term: broker hierarchy

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: Maps the structure of a broker organization.

Smart SAP Assistant

• Key Concepts: 
  Broker hierarchy is a feature of the SAP FS-CD Collections/Disbursements component. It is a hierarchical structure that allows users to define and manage relationships between brokers and their customers. The hierarchy can be used to define the roles of each broker in the relationship, such as who is responsible for collecting payments, who is responsible for disbursing payments, and who is responsible for managing customer accounts. 
  
  How to use it: 
  The broker hierarchy can be used to define the roles of each broker in the relationship. This includes defining who is responsible for collecting payments, who is responsible for disbursing payments, and who is responsible for managing customer accounts. The hierarchy can also be used to set up payment rules and payment schedules. 
  
  Tips & Tricks: 
  When setting up the broker hierarchy, it is important to ensure that all brokers are properly linked to their customers. This will ensure that payments are properly routed and that customer accounts are managed correctly. Additionally, it is important to ensure that payment rules and payment schedules are properly set up in order to ensure that payments are processed correctly. 
  
  Related Information: 
  For more information on setting up the broker hierarchy in SAP FS-CD Collections/Disbursements, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to set up the broker hierarchy in SAP FS-CD Collections/Disbursements.