What is document payment guarantee procedure in SAP SD - Sales and Distribution?

SAP Term: document payment guarantee procedure

• Component: SD

• Component Name: Sales and Distribution

• Description: A process that controls the sequence in which the system assigns the sales document items to the permitted forms of payment guarantee for the payer and the document type.

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• Key Concepts: 
  Document Payment Guarantee Procedure (DPGP) is a feature in SAP Sales and Distribution (SD) that allows customers to guarantee payment for goods or services they have ordered. This feature is used to ensure that the customer will pay for the goods or services they have ordered, even if they are unable to do so at the time of delivery. The customer can provide a guarantee in the form of a bank guarantee, letter of credit, or other form of security. 
  
  How to use it: 
  To use the Document Payment Guarantee Procedure (DPGP) feature in SAP SD, the customer must first provide a guarantee in the form of a bank guarantee, letter of credit, or other form of security. Once this is done, the customer can then enter their order into SAP SD and select the DPGP option. This will ensure that payment is guaranteed for the goods or services ordered. 
  
  Tips & Tricks: 
  When using the Document Payment Guarantee Procedure (DPGP) feature in SAP SD, it is important to ensure that all necessary documents are provided by the customer. This includes any bank guarantees, letters of credit, or other forms of security that are required. It is also important to ensure that all information entered into SAP SD is accurate and up-to-date. 
  
  Related Information: 
  For more information on Document Payment Guarantee Procedure (DPGP) in SAP SD, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_SD/6.0/en-US.