What is settlement group in SAP IS-R - SAP for Retail?

SAP Term: settlement group

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Grouping of materials subject to the same conditions in the case of subsequent settlement of amounts due under volume rebate arrangements.

Smart SAP Assistant

• Key Concepts: 
  Settlement group is a feature of the IS-R SAP for Retail component. It is used to define the settlement rules for a particular store or group of stores. The settlement group defines the payment methods, discounts, and other conditions that apply to a particular store or group of stores. 
  
  How to use it: 
  The settlement group is used to define the payment methods, discounts, and other conditions that apply to a particular store or group of stores. The settlement group can be set up in the SAP system by entering the relevant information into the relevant fields. Once the information is entered, it can be saved and used for future transactions. 
  
  Tips & Tricks: 
  When setting up a settlement group, it is important to ensure that all relevant information is entered correctly. This will ensure that all transactions are processed correctly and that any discounts or other conditions are applied correctly. 
  
  Related Information: 
  The settlement group feature is part of the IS-R SAP for Retail component. Other features of this component include inventory management, pricing management, and customer loyalty programs.