What is 'plan payment details' in SAP FS-MCM-PDM - Payment Distribution and Monitoring?

plan payment details - Overview

• Component: FS-MCM-PDM

• Component Name: Payment Distribution and Monitoring

• Description: Information about the distribution of deposits on and disbursements to participant accounts of a plan, and tax incurred.

plan payment details - Details

• 
  Key Concepts: 
  Plan Payment Details is a component of the SAP Financial Services - Multi-Channel Management Payment Distribution and Monitoring (FS-MCM-PDM) module. It enables users to plan and manage payments in a structured way. It allows users to define payment plans, assign payment details to them, and monitor the progress of payments. 
  
  How to use it: 
  Plan Payment Details can be used to create payment plans for customers, vendors, or other entities. Users can define the payment terms, such as the amount, frequency, and due date of payments. They can also assign payment details to each plan, such as the bank account information and payment method. 
  
  Tips & Tricks: 
  When creating a payment plan, it is important to ensure that all the necessary information is included. This includes the payment terms, payment details, and any other relevant information. Additionally, users should ensure that all payments are made on time in order to avoid any penalties or late fees. 
  
  Related Information: 
  Plan Payment Details is part of the SAP Financial Services - Multi-Channel Management Payment Distribution and Monitoring (FS-MCM-PDM) module. Other components of this module include Payment Processing and Payment Reconciliation. Additionally, Plan Payment Details can be used in conjunction with other SAP modules such as Accounts Receivable and Accounts Payable.