What is payment carrier in SAP FS-PAM - Payment Advice Management?

SAP Term: payment carrier

• Component: FS-PAM

• Component Name: Payment Advice Management

• Description: A function that processes a payment advice category based on the payment method.

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• Key Concepts: 
  Payment carrier is a term used in the SAP FS-PAM Payment Advice Management component. It is a type of payment document that is used to transfer funds from one account to another. It contains information about the sender, recipient, and amount of money being transferred. The payment carrier can be used for both domestic and international payments. 
  
  How to use it: 
  The payment carrier is created in the SAP system and then sent to the bank for processing. The bank will then process the payment and send back a confirmation of the transaction. The payment carrier can also be used to track payments and view their status. 
  
  Tips & Tricks: 
  When creating a payment carrier, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that the payment is processed correctly and quickly. Additionally, it is important to keep track of all payment carriers in order to easily view their status and make any necessary changes. 
  
  Related Information: 
  The SAP FS-PAM Payment Advice Management component also includes other features such as payment advice templates, payment advice reports, and payment advice archiving. These features can be used to further streamline the process of managing payments. Additionally, there are other components within SAP that can be used in conjunction with FS-PAM Payment Advice Management such as SAP Cash Management and SAP Bank Communication Management.