What is discounting date in SAP IS-R - SAP for Retail?

SAP Term: discounting date

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail The time at which an amount is paid, discounted to the current cash value and based on a market-specific yield curve.

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• Key Concepts: 
  Discounting date is a term used in the SAP for Retail component of the IS-R system. It is the date on which a customer's payment is due and discounts are applied to the total amount due. The discounting date is used to calculate the amount of discount that will be applied to the total amount due. 
  
  How to use it: 
  The discounting date is set by the customer when they make their payment. This date is then used to calculate the amount of discount that will be applied to the total amount due. The discounting date can be changed at any time, but it must be done before the payment is made in order for the discount to be applied. 
  
  Tips & Tricks: 
  It is important to remember that the discounting date must be set before the payment is made in order for the discount to be applied. Additionally, it is important to keep track of when payments are due and when discounts are applied in order to ensure that customers are receiving the correct discounts. 
  
  Related Information: 
  The SAP for Retail component of IS-R also includes other features such as pricing, inventory management, and customer loyalty programs. Additionally, there are other terms related to discounting such as early payment discounts and late payment penalties.