What is plan indicator in SAP FS-MCM-PDM - Payment Distribution and Monitoring?

SAP Term: plan indicator

• Component: FS-MCM-PDM

• Component Name: Payment Distribution and Monitoring

• Description: Specific characteristic of a plan.

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• Key Concepts: 
  Plan indicator is a feature of the Payment Distribution and Monitoring (PDM) component of SAP Financial Services Management (FS-MCM). It is used to define the payment plan for a particular payment transaction. The plan indicator can be used to specify the payment terms, such as the number of payments, the payment frequency, and the payment amount. 
  
  How to use it: 
  The plan indicator is used to define the payment plan for a particular payment transaction. The plan indicator can be set up in the PDM configuration. Once set up, it can be used to specify the payment terms, such as the number of payments, the payment frequency, and the payment amount. The plan indicator can also be used to define additional parameters, such as discounts or penalties. 
  
  Tips & Tricks: 
  When setting up a plan indicator in PDM, it is important to ensure that all of the necessary parameters are specified correctly. This will ensure that all payments are processed correctly and that any discounts or penalties are applied correctly. 
  
  Related Information: 
  For more information on setting up a plan indicator in PDM, please refer to SAP Help documentation.