What is wholesale payment in SAP FS-PE - Payment Engine?

SAP Term: wholesale payment

• Component: FS-PE

• Component Name: Payment Engine

• Description: Wholesale payment is one of the payment category options used in the standard settlement instructions. For more information, see the context information.

Smart SAP Assistant

• Key Concepts: 
  Wholesale payment is a payment method used by companies to pay multiple vendors at once. It is a type of payment processing that allows companies to make payments to multiple vendors in one transaction. This type of payment is often used for large-scale payments, such as those made to suppliers or other vendors. 
  
  How to use it: 
  The SAP FS-PE Payment Engine is a component of the SAP Financial Services Network (FSN) that enables companies to process wholesale payments. The Payment Engine allows companies to make payments to multiple vendors in one transaction, and it also provides the ability to track and manage payments. The Payment Engine also provides the ability to set up payment rules and automate the payment process. 
  
  Tips & Tricks: 
  When using the Payment Engine, it is important to ensure that all of the necessary information is entered correctly. This includes the vendor’s name, address, and bank account information. Additionally, it is important to ensure that all of the payment rules are set up correctly so that payments are processed accurately and efficiently. 
  
  Related Information: 
  The Payment Engine is part of the SAP Financial Services Network (FSN), which provides a comprehensive suite of financial services solutions for businesses. The FSN also includes components such as the SAP Cash Management System (CMS) and the SAP Treasury Management System (TMS). Additionally, the FSN provides access to a variety of third-party financial services providers, such as banks and payment processors.