What is route in SAP FS-PE - Payment Engine?

SAP Term: route

• Component: FS-PE

• Component Name: Payment Engine

• Description: An object that indicates whether a payment item is to be posted internally to a customer of the financial institution processing a payment, or externally to a beneficiary who is not a customer of that financial institution. If the posting is internal, the route determines the account management area to which the payment item is posted. If the posting is external, the route determines the clearing institute for the outgoing payment order. A route is determined for each payment item, and groups clearing agreements.

Smart SAP Assistant

• Key Concepts: 
  A route in the FS-PE Payment Engine is a set of instructions that define how payments are processed. It includes information such as the payment method, the payment currency, and the payment recipient. It also defines the order in which payments are processed and the rules that must be followed. 
  
  How to use it: 
  In order to use a route, you must first create it in the FS-PE Payment Engine. This can be done by selecting the “Create Route” option from the main menu. You will then be prompted to enter the details of the route, such as the payment method, currency, and recipient. Once you have entered all of the necessary information, you can save the route and it will be available for use. 
  
  Tips & Tricks: 
  When creating a route, it is important to ensure that all of the necessary information is entered correctly. This includes making sure that all of the payment details are accurate and that any rules or restrictions are properly defined. Additionally, it is important to remember that routes can be modified at any time if needed. 
  
  Related Information: 
  For more information on routes in the FS-PE Payment Engine, please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and resources available that can help you learn more about how to use routes in SAP software.