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

SAP Term: settlement step

• Component: IS-U-EDM

• Component Name: Energy Data Management

• Description: Smallest unit of a settlement procedure. Settlement steps model settlement algorithms and consist of input and output parameters, which can be profiles or values.

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• Key Concepts: 
  Settlement step is a process in SAP IS-U-EDM Energy Data Management that allows for the calculation of energy consumption and the associated costs. It is used to determine the amount of energy consumed by a customer and the associated costs. The settlement step also allows for the calculation of taxes, fees, and other charges related to energy consumption. 
  
  How to use it: 
  The settlement step is used to calculate the amount of energy consumed by a customer and the associated costs. This is done by entering the customer's energy consumption data into the system. The system then calculates the total cost of energy consumed, including taxes, fees, and other charges. The results are then displayed in a report that can be used for billing purposes. 
  
  Tips & Tricks: 
  When using the settlement step, it is important to ensure that all data entered into the system is accurate. This will ensure that the results are accurate and can be used for billing purposes. Additionally, it is important to ensure that all taxes, fees, and other charges are included in the calculation so that the customer is not overcharged. 
  
  Related Information: 
  The settlement step is part of SAP IS-U-EDM Energy Data Management. Other components of this system include billing, metering, and reporting. Additionally, SAP IS-U-EDM Energy Data Management can be integrated with other SAP systems such as SAP ERP or SAP S/4HANA.