What is right of supervision in SAP FS-PE - Payment Engine?

SAP Term: right of supervision

• Component: FS-PE

• Component Name: Payment Engine

• Description: The authority of authorized regulators to carry out regulatory acts through general and individual measures.

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• Key Concepts: 
  Right of supervision is a feature of the SAP FS-PE Payment Engine that allows a user to monitor and control the payment process. It enables users to view and approve payments, as well as to set up payment rules and parameters. This feature helps to ensure that payments are made in accordance with company policies and procedures.
  
  How to use it: 
  To use the right of supervision feature, users must first set up payment rules and parameters. This can be done by accessing the Payment Engine in the SAP system. Once the rules and parameters have been set up, users can then view and approve payments. They can also monitor the payment process to ensure that payments are made in accordance with company policies and procedures.
  
  Tips & Tricks: 
  It is important to ensure that all payment rules and parameters are set up correctly before using the right of supervision feature. This will help to ensure that payments are made in accordance with company policies and procedures. Additionally, it is important to regularly review the payment process to ensure that all payments are being made correctly.
  
  Related Information: 
  For more information about the right of supervision feature, please refer to the SAP FS-PE Payment Engine documentation. Additionally, you can contact your SAP support team for assistance with setting up payment rules and parameters or for any other questions related to this feature.