What is order type group in SAP FS-PE - Payment Engine?

SAP Term: order type group

• Component: FS-PE

• Component Name: Payment Engine

• Description: Identifies the payment order type group. You use this field to classify payment order types into groups. You can use the order type groups as characteristics in selected rule sets in the system. To create payment order type groups, you need to execute the Customizing activity Define Payment Order Type Groups for Recalls.

Smart SAP Assistant

• Key Concepts: 
  Order type group is a feature of the FS-PE Payment Engine component of SAP. It is used to define the payment methods and payment terms that can be used for a particular order type. The order type group is assigned to an order type in the system, and it determines which payment methods and payment terms are available for that order type. 
  
  How to use it: 
  To use the order type group feature, first create an order type group in the system. Then assign the order type group to an order type. This will determine which payment methods and payment terms are available for that order type. Finally, configure the payment methods and payment terms for the order type group. 
  
  Tips & Tricks: 
  When creating an order type group, make sure to select the appropriate payment methods and payment terms for that order type. This will ensure that all orders of that type are processed correctly. 
  
  Related Information: 
  For more information on how to use the FS-PE Payment Engine component of SAP, please refer to the official SAP documentation.