What is forwarding system in SAP FS-PE - Payment Engine?

SAP Term: forwarding system

• Component: FS-PE

• Component Name: Payment Engine

• Description: A system that receives the outgoing payment orders from the output manager and enables the transfer of the relevant formats and administration, for example, as an integrated part of a customer's own file management.

Smart SAP Assistant

• Key Concepts: 
  The FS-PE Payment Engine is a forwarding system component of SAP software. It is used to process payments and manage payment transactions. It is designed to be a secure, reliable, and efficient way to process payments. 
  
  How to use it: 
  The FS-PE Payment Engine can be used to process payments from customers, vendors, and other entities. It can also be used to manage payment transactions, such as setting up payment schedules, tracking payments, and reconciling accounts. 
  
  Tips & Tricks: 
  When using the FS-PE Payment Engine, it is important to ensure that all payment information is accurate and up-to-date. Additionally, it is important to ensure that all payment transactions are properly recorded and tracked. 
  
  Related Information: 
  The FS-PE Payment Engine is part of the SAP Financials suite of software products. It is also integrated with other SAP software products, such as SAP ERP and SAP HANA. Additionally, the FS-PE Payment Engine can be used in conjunction with other payment processing solutions, such as PayPal or Stripe.