What is ordering party item in SAP FS-PE - Payment Engine?

SAP Term: ordering party item

• Component: FS-PE

• Component Name: Payment Engine

• Description: An item posted to the party initiating the payment order.

Smart SAP Assistant

• Key Concepts: 
  Ordering Party Item is a component of the FS-PE Payment Engine in SAP. It is used to define the ordering party for a payment transaction. This includes the name, address, and other details of the ordering party. It also allows for the assignment of a payment method to the ordering party. 
  
  How to use it: 
  In order to use the Ordering Party Item component, you must first create an Ordering Party Item in the SAP system. This can be done by navigating to the FS-PE Payment Engine and selecting “Create Ordering Party Item” from the menu. Once created, you can assign a payment method to the Ordering Party Item by selecting “Assign Payment Method” from the menu. 
  
  Tips & Tricks: 
  When creating an Ordering Party Item, it is important to ensure that all of the necessary information is entered correctly. This includes the name, address, and other details of the ordering party. Additionally, it is important to ensure that the correct payment method is assigned to the Ordering Party Item. 
  
  Related Information: 
  For more information on using Ordering Party Items in SAP, please refer to SAP’s official documentation on FS-PE Payment Engine components. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this component.