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

route determination - Overview

• Component: FS-PE

• Component Name: Payment Engine

• Description: Route is an object that indicates whether a payment item is to be postedinternally or externally. Route determination takes place for each payment item and additionally groups clearing agreements.

route determination - Details

• 
  Key Concepts: 
  Route determination is a feature of the FS-PE Payment Engine component of SAP. It is used to determine the best route for payments to be sent, based on factors such as cost, speed, and reliability. It can also be used to determine the most efficient way to send payments across multiple payment networks. 
  
  How to use it: 
  Route determination can be used by setting up rules in the FS-PE Payment Engine. These rules can be based on criteria such as cost, speed, and reliability. The system will then automatically select the best route for payments based on these criteria. 
  
  Tips & Tricks: 
  When setting up rules for route determination, it is important to consider all factors that may affect the payment route. This includes factors such as cost, speed, and reliability. Additionally, it is important to consider any restrictions or limitations that may be imposed by payment networks or other external entities. 
  
  Related Information: 
  For more information about route determination in SAP, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide further information and tips on how to use route determination in SAP.