What is dunning in SAP SRD-FIN-ACR - FIN-Receivables?

SAP Term: dunning

• Component: SRD-FIN-ACR

• Component Name: FIN-Receivables

• Description: The process of sending dunning notices to customers with overdue payment items, requesting payment of the outstanding amount by a specified date.

Smart SAP Assistant

• Key Concepts: 
  Dunning is a process used to remind customers of their overdue payments. It is a feature of SAP's Receivables Management component, which is part of the Financial Accounting module. The dunning process involves sending out reminders to customers who have not paid their invoices on time. The reminders can be sent in the form of emails, letters, or phone calls.
  
  How to use it: 
  In SAP, dunning is configured in the Dunning Procedure Configuration (transaction code F150). This allows you to set up the dunning levels and the corresponding dunning messages that will be sent out to customers. You can also specify the frequency of the dunning messages and the payment terms for each customer. Once configured, the dunning process will be triggered automatically when an invoice becomes overdue.
  
  Tips & Tricks: 
  It is important to configure the dunning process correctly in order to ensure that customers are reminded of their overdue payments in a timely manner. It is also important to ensure that the payment terms for each customer are set correctly so that they are not overcharged for late payments.
  
  Related Information: 
  For more information on configuring dunning in SAP, please refer to the SAP Help documentation at https://help.sap.com/viewer/product/SRD-FIN-ACR/latest/en-US/f150dunningprocedureconfiguration.html