What is collected payment in SAP LE-LMD - Last Mile Distribution?

SAP Term: collected payment

• Component: LE-LMD

• Component Name: Last Mile Distribution

• Description: A financial sum that the driver receives from a customer in exchange for goods. The customer can use different payment types, such as cash, check, or credit card.

Smart SAP Assistant

• Key Concepts: 
  Collected payment is a term used in SAP's Last Mile Distribution (LE-LMD) component. It refers to the process of collecting payments from customers for goods or services that have been delivered. This process is typically handled by a third-party payment processor, such as a bank or credit card company. The collected payment is then recorded in the SAP system and can be used to track customer payments and reconcile accounts.
  
  How to use it: 
  In order to use collected payment in SAP's Last Mile Distribution component, you must first set up a third-party payment processor. Once this is done, you can then enter customer payments into the system. The collected payment will be recorded in the SAP system and can be used to track customer payments and reconcile accounts.
  
  Tips & Tricks: 
  When setting up a third-party payment processor for collected payments, make sure to select one that is compatible with SAP's Last Mile Distribution component. Additionally, it is important to ensure that all customer payments are entered into the system accurately and promptly in order to avoid any discrepancies or delays in processing payments.
  
  Related Information: 
  For more information on collected payments in SAP's Last Mile Distribution component, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_LE_LMD/latest/en-US.