What is 'Dunning' in SAP SRD-FIN-CLM - FIN-Cash and Liquidity Management?

Dunning - Overview

• Component: SRD-FIN-CLM

• Component Name: FIN-Cash and Liquidity Management

• Description: A business process covers the creation of dunning proposals.

Dunning - Details

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  Key Concepts: 
  Dunning is a process used by businesses to collect payments from customers who have not paid their invoices on time. It involves sending out reminders and notices to customers, informing them of the overdue payment and the consequences of not paying. Dunning is an important part of cash management and liquidity management in SAP. 
  
  How to use it: 
  In SAP, dunning is managed through the SRD-FIN-CLM FIN-Cash and Liquidity Management component. This component allows users to set up dunning procedures, define dunning levels, and create dunning letters. It also provides tools for monitoring customer payments and managing customer accounts. 
  
  Tips & Tricks: 
  When setting up dunning procedures in SAP, it is important to consider the customer’s payment history and creditworthiness. This will help ensure that the dunning process is effective and that customers are not overburdened with reminders or notices. 
  
  Related Information: 
  For more information on dunning in SAP, please refer to the official SAP documentation on Cash and Liquidity Management (SRD-FIN-CLM).