What is assumed payment in SAP FS-TXS - Funding Management?

SAP Term: assumed payment

• Component: FS-TXS

• Component Name: Funding Management

• Description: A payment method for funding whereby a debtor of a funded receivable makes a payment directly to the investor.

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• Key Concepts: 
  Assumed payment is a feature of the SAP FS-TXS Funding Management component. It allows users to make payments to vendors without actually transferring funds. Instead, the system creates a payment document that is marked as “assumed” and the vendor is notified of the payment. The actual funds are not transferred until the payment document is marked as “confirmed”. 
  
  How to use it: 
  To use assumed payments, users must first create a payment document in the system. This document should include all relevant information about the payment, such as the vendor, amount, and date. Once the document is created, users can mark it as “assumed”. This will notify the vendor of the payment without actually transferring funds. The payment document can then be marked as “confirmed” when the funds are ready to be transferred. 
  
  Tips & Tricks: 
  When using assumed payments, it is important to remember that the actual funds are not transferred until the payment document is marked as “confirmed”. This means that users should only mark documents as “assumed” if they are sure that they will be able to transfer the funds in a timely manner. 
  
  Related Information: 
  For more information on assumed payments in SAP FS-TXS Funding Management, please refer to SAP Help documentation or contact your local SAP support team.