What is settlement management document in SAP LO-AB - Agency Business (Global Trade)?

SAP Term: settlement management document

• Component: LO-AB

• Component Name: Agency Business (Global Trade)

• Description: Document used in the Settlement Management. Settlement Management involves all types of settlement processes, including core business processes that need to be fully integrated in the order-to-cash cycle or within a procure-to-pay scenario, such as rebate settlement, as well as standalone processes, whereby special financial settlement services are provided for business partners.

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• Key Concepts: 
  Settlement management document is a component of the LO-AB Agency Business (Global Trade) module in SAP. It is used to manage the settlement of goods and services between two parties. This document contains all the necessary information about the transaction, such as the date, amount, and type of goods or services exchanged. 
  
  How to use it: 
  To create a settlement management document, go to the LO-AB Agency Business (Global Trade) module in SAP. Select “Create Settlement Management Document” from the menu. Enter all the necessary information about the transaction, such as the date, amount, and type of goods or services exchanged. Once you have entered all the information, click “Save” to create the document. 
  
  Tips & Tricks: 
  It is important to double-check all the information entered into a settlement management document before saving it. This will ensure that all the details are accurate and up-to-date. Additionally, it is important to keep track of all settlement management documents created in order to easily access them in the future. 
  
  Related Information: 
  For more information on settlement management documents in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LO-AB_AGENCY_BUSINESS/latest/en-US