What is cash before cover in SAP FS-QUO - SAP Quotation Management?

SAP Term: cash before cover

• Component: FS-QUO

• Component Name: SAP Quotation Management

• Description: A business rule wherein an insurance policy cannot be incepted until the insurer receives the premium payment.

Smart SAP Assistant

• Key Concepts: 
  Cash before cover is a payment method in SAP Quotation Management (FS-QUO) that allows customers to pay for goods or services before they are delivered. This payment method is often used when customers need to purchase goods or services in advance, such as when ordering large quantities of items. 
  
  How to use it: 
  In order to use cash before cover, customers must first create a quotation in SAP Quotation Management. Once the quotation is created, customers can select the cash before cover payment method and enter the amount they wish to pay. The customer will then be prompted to enter their payment information, such as their bank account details or credit card information. Once the payment is processed, the customer will receive an invoice for the goods or services they have purchased. 
  
  Tips & Tricks: 
  When using cash before cover, it is important to ensure that all payment information is accurate and up-to-date. Additionally, customers should always double-check the invoice they receive to make sure that all of the goods or services they have purchased are included. 
  
  Related Information: 
  For more information about cash before cover in SAP Quotation Management, please refer to the SAP Help Portal. Additionally, customers can contact their SAP representative for more detailed information about this payment method.