What is payment batch in SAP LOD-FIN-CLM - Cash and Liquidity Management?

SAP Term: payment batch

• Component: LOD-FIN-CLM

• Component Name: Cash and Liquidity Management

• Description: A collection of payments created using an xml-based data medium exchange procedure. A payment batch is used to exchange payment data between the bank and the payer or payee, either directly or indirectly via a payment service provider. One payment batch may contain payments in several currencies, but only one payment method.

Smart SAP Assistant

• Key Concepts: 
  Payment batch is a feature of SAP Cash and Liquidity Management (LOD-FIN-CLM) that allows users to group payments into batches for easier processing. This feature allows users to create, manage, and process payment batches in a single step. Payment batches can be used to process multiple payments at once, which can save time and effort. 
  
  How to use it: 
  To use the payment batch feature, users must first create a payment batch. This can be done by selecting the “Create Payment Batch” option from the Cash and Liquidity Management menu. Once the payment batch is created, users can add payments to it by selecting the “Add Payment” option from the same menu. Once all payments have been added, users can then process the payment batch by selecting the “Process Payment Batch” option from the same menu. 
  
  Tips & Tricks: 
  When creating a payment batch, it is important to ensure that all payments are correctly entered and that all required information is provided. This will help ensure that the payment batch is processed correctly and without any errors. Additionally, it is important to keep track of all payment batches that have been created and processed in order to ensure that all payments are accounted for. 
  
  Related Information: 
  For more information on using the payment batch feature in SAP Cash and Liquidity Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LOD_FIN_CLM/latest/en-US