What is unique creditor ID in SAP (FS-PE - Payment Engine)?

SAP Term: unique creditor ID

• Component: FS-PE

• Component Name: Payment Engine

• Description: Identifies a legal entity, an association that is not a legal entity, ora person who is assuming the role of a creditor.

Smart SAP Assistant

• Key Concepts: 
  A unique creditor ID is a unique identifier assigned to a creditor in the SAP FS-PE Payment Engine component. It is used to identify the creditor in the system and to ensure that payments are made to the correct creditor. 
  
  How to use it: 
  The unique creditor ID is used when creating a payment order in the SAP FS-PE Payment Engine component. The unique creditor ID must be entered in order for the payment order to be processed correctly. 
  
  Tips & Tricks: 
  It is important to ensure that the correct unique creditor ID is entered when creating a payment order. If an incorrect unique creditor ID is entered, the payment order may not be processed correctly. 
  
  Related Information: 
  The unique creditor ID is part of the SAP FS-PE Payment Engine component, which is used to process payments and manage financial transactions. The SAP FS-PE Payment Engine also includes features such as payment scheduling, payment tracking, and reconciliation.