What is settlement procedure in SAP IS-U-EDM - Energy Data Management?

SAP Term: settlement procedure

• Component: IS-U-EDM

• Component Name: Energy Data Management

• Description: Procedure used for balancing energy supplied and energy consumed that is carried out by settlement coordinator.

Smart SAP Assistant

• Key Concepts: 
  Settlement procedure is a feature of the IS-U-EDM Energy Data Management component of SAP. It is used to calculate and settle energy consumption and billing data between energy suppliers and customers. It enables the calculation of energy consumption, billing, and other related data for both parties. 
  
  How to use it: 
  The settlement procedure in IS-U-EDM Energy Data Management can be used to calculate energy consumption and billing data between energy suppliers and customers. It can be used to calculate the total energy consumed, the total cost of the energy consumed, and any other related data. The settlement procedure can also be used to generate invoices for customers based on their energy consumption. 
  
  Tips & Tricks: 
  When using the settlement procedure in IS-U-EDM Energy Data Management, it is important to ensure that all data is accurate and up-to-date. This will ensure that the calculations are accurate and that invoices are generated correctly. Additionally, it is important to ensure that all relevant information is included in the settlement procedure, such as customer information, energy consumption data, and billing information. 
  
  Related Information: 
  The settlement procedure in IS-U-EDM Energy Data Management is part of SAP’s suite of software solutions for energy management. Other features of this software include customer management, billing management, and reporting capabilities. Additionally, SAP offers a range of services to help customers get the most out of their energy management software.