What is advance payment request in SAP RE - Real Estate Management?

SAP Term: advance payment request

• Component: RE

• Component Name: Real Estate Management

• Description: Posting of conditions of a lease-out defined as advance payment during the debit position run.

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• Key Concepts: 
  Advance Payment Request is a feature in SAP Real Estate Management (RE-FX) that allows tenants to request an advance payment for their rental payments. This feature allows tenants to make payments in advance of their due date, which can help them manage their finances more effectively. The request is sent to the landlord, who can then approve or reject the request. 
  
  How to use it: 
  To use the Advance Payment Request feature, tenants must first log into their SAP RE-FX system and select the “Advance Payment Request” option from the menu. They will then be prompted to enter the amount of the advance payment they are requesting, as well as any additional information that may be required. Once the request is submitted, it will be sent to the landlord for approval or rejection. 
  
  Tips & Tricks: 
  When making an Advance Payment Request, it is important to provide as much information as possible in order to ensure that the request is approved quickly and efficiently. Additionally, tenants should make sure that they have sufficient funds available in their account to cover the requested amount before submitting the request. 
  
  Related Information: 
  For more information on Advance Payment Requests in SAP RE-FX, please refer to the official SAP documentation at https://help.sap.com/viewer/product/REAL_ESTATE_MANAGEMENT/7.0/en-US.