What is guarantor in SAP IS-U-WA - Waste Management?

SAP Term: guarantor

• Component: IS-U-WA

• Component Name: Waste Management

• Description: Firms that, in accordance with the packaging regulations, guarantee the acceptance and recovery of used packaging for the respective waste fractions for example, glass or paper. The waste disposal partners register the collected and sorted quantities of recyclable material with the acceptance and recovery guarantors. These are either the industries that generate the waste, or companies that are specifically formed to recover secondary raw materials. To create the quantity flow verification, the guarantors - along with the waste disposal partners - document the recovered quantities on a monthly basis.

Smart SAP Assistant

• Key Concepts: 
  A guarantor in SAP IS-U-WA Waste Management is a person or organization that is responsible for the payment of a customer’s bills. The guarantor is usually a parent, guardian, or other third party who agrees to pay the customer’s bills if the customer is unable to do so. 
  
  How to use it: 
  In SAP IS-U-WA Waste Management, a guarantor can be added to a customer’s account by entering their information into the system. This information includes their name, address, and contact information. Once the guarantor is added, they will be responsible for any unpaid bills associated with the customer’s account. 
  
  Tips & Tricks: 
  When adding a guarantor to a customer’s account in SAP IS-U-WA Waste Management, it is important to make sure that all of the information entered is accurate and up-to-date. This will ensure that the guarantor can be contacted if necessary and that any bills associated with the customer’s account can be paid on time. 
  
  Related Information: 
  In SAP IS-U-WA Waste Management, it is also possible to add multiple guarantors to a single customer’s account. This can be useful if there are multiple people or organizations responsible for paying the customer’s bills. Additionally, it is possible to set up payment plans with guarantors in order to ensure that bills are paid on time.