What is 'payment flow control' in SAP FS-LMS - Liquidity Management Suite?

payment flow control - Overview

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: A transaction-processing LMS product that enables a bank to schedule and release payments.

payment flow control - Details

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  Key Concepts: 
  Payment flow control is a feature of the FS-LMS Liquidity Management Suite (LMS) that allows companies to manage their cash flow more efficiently. It enables companies to monitor and control the flow of payments from their accounts, ensuring that payments are made on time and in the correct amounts. The system also provides visibility into the status of payments, allowing companies to identify any potential issues before they become a problem. 
  
  How to use it: 
  Payment flow control can be used to set up payment rules and thresholds, which can be used to automate the payment process. This allows companies to ensure that payments are made on time and in the correct amounts. The system also provides visibility into the status of payments, allowing companies to identify any potential issues before they become a problem. 
  
  Tips & Tricks: 
  When setting up payment rules and thresholds, it is important to consider the company’s cash flow needs and ensure that payments are made in a timely manner. Additionally, it is important to ensure that all payment information is accurate and up-to-date in order to avoid any potential issues. 
  
  Related Information: 
  The FS-LMS Liquidity Management Suite also includes features such as cash forecasting, liquidity planning, and cash pooling, which can be used in conjunction with payment flow control to further optimize cash flow management. Additionally, SAP