What is one-time payment plan in SAP FS-CD - Collections/Disbursements?

SAP Term: one-time payment plan

• Component: FS-CD

• Component Name: Collections/Disbursements

• Description: A payment plan with a payment plan item for a total amount that is due at once and is not distributed.

Smart SAP Assistant

• Key Concepts: 
  A one-time payment plan is a payment plan offered by SAP’s Financial Services Collection and Disbursement (FS-CD) component. It allows customers to make a single payment for goods or services, rather than making multiple payments over time. This type of payment plan is often used for large purchases, such as a car or home, or for services that require a large upfront payment. 
  
  How to use it: 
  To use the one-time payment plan, customers must first contact their SAP representative to set up the plan. The customer will then be asked to provide information about the purchase or service they are making, such as the amount of the purchase and the payment terms. Once this information is provided, the customer will be given a one-time payment plan agreement that outlines the terms of the plan. The customer must then sign and return the agreement to SAP before the plan can be activated. 
  
  Tips & Tricks: 
  When setting up a one-time payment plan, it is important to read and understand all of the terms and conditions of the agreement before signing it. Customers should also make sure that they are able to make the full payment on time, as late payments may result in additional fees or penalties. 
  
  Related Information: 
  For more information about SAP’s Financial Services Collection and Disbursement component, please visit https://www.sap.com/products/financial-services-collection-disbursement.html.