1. SAP Glossary
  2. Funds Management
  3. payment directive


What is 'payment directive' in SAP PSM-FM - Funds Management?


payment directive - Overview

  • Component: PSM-FM

  • Component Name: Funds Management

  • Description: An intermediate payment document required by some public organizations, which serves as a link between the financial department and the treasury of an organization. This document, called a payment directive, references a particular invoice and includes all the relevant information for the payments to be made.


payment directive - Details


  • Key Concepts: A payment directive is a document used in SAP Funds Management (PSM-FM) to initiate payments. It contains information about the payment, such as the amount, currency, and payment method. The payment directive is used to transfer funds from one account to another.
    How to use it: In SAP Funds Management, a payment directive is created in the Funds Management module. The user must enter the necessary information about the payment, such as the amount, currency, and payment method. Once the payment directive is created, it can be approved and sent to the bank for processing.
    Tips & Tricks: When creating a payment directive in SAP Funds Management, it is important to double-check all of the information entered to ensure accuracy. This will help avoid any delays or errors in processing the payment.
    Related Information: For more information on SAP Funds Management and payment directives, please refer to the SAP Help Portal or contact your local SAP representative.

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payment directive - Related SAP Terms

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