What is Down Payment Request in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: Down Payment Request

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: A Business option that allows you to create customer down payment requests for products or services that are not yet delivered to customer. Country-specific versions of the Down Payment Request business option are available for all the countries supported by the solution.

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• Key Concepts: 
  Down Payment Request is a component of SAP Customer Relationship Management (CRM) that allows customers to make payments in advance for goods or services. This feature helps to ensure that customers are able to pay for their purchases in a timely manner and helps to reduce the risk of late payments. 
  
  How to Use It: 
  To use the Down Payment Request feature, customers must first enter their payment information into the system. Once the payment information is entered, the customer can then select the Down Payment Request option. The customer will then be prompted to enter the amount of the down payment they wish to make. Once the payment is processed, the customer will receive a confirmation email with details about their payment. 
  
  Tips & Tricks: 
  When using Down Payment Request, it is important to ensure that all payment information is accurate and up-to-date. This will help to ensure that payments are processed quickly and accurately. Additionally, it is important to keep track of all payments made through Down Payment Request so that customers can easily view their payment history. 
  
  Related Information: 
  Down Payment Request is just one of many features available in SAP Customer Relationship Management (CRM). Other features include customer segmentation, customer service management, and marketing automation. All of these features work together to help businesses manage their customer relationships more effectively.