What is undocumented check presentment in SAP (FS-PE - Payment Engine)?

SAP Term: undocumented check presentment

• Component: FS-PE

• Component Name: Payment Engine

• Description: Presentment of checks for less than a certain amount, with a fully legible code line, and where the data is transferred to the data record accordingly.

Smart SAP Assistant

• Key Concepts: 
  Undocumented check presentment is a feature of the SAP FS-PE Payment Engine that allows customers to present checks to their bank without having to provide additional documentation. This feature is especially useful for customers who have large volumes of checks to process, as it eliminates the need for manual data entry and reduces the risk of errors.
  
  How to use it: 
  To use undocumented check presentment, customers must first configure the FS-PE Payment Engine in their SAP system. This includes setting up the payment methods, bank accounts, and payment formats. Once this is done, customers can then submit their checks to their bank without having to provide additional documentation.
  
  Tips & Tricks: 
  When using undocumented check presentment, it is important to ensure that all of the necessary information is included in the payment file. This includes the customer’s name, address, and account number, as well as the amount of the check and any other relevant information. Additionally, customers should ensure that their bank is able to process the payment file correctly.
  
  Related Information: 
  For more information on undocumented check presentment and how to configure it in SAP FS-PE Payment Engine, please refer to SAP Help documentation or contact your local SAP support team.