What is business partner in SAP SRD-MD-BP - FDN-Business Partner?

SAP Term: business partner

• Component: SRD-MD-BP

• Component Name: FDN-Business Partner

• Description: A person or organization in which your company has a business interest. Business partners can include customers, suppliers, prospects, partners, and competitors. Business partner information can include contact, payment, financial, and logistics details.

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• Key Concepts: 
  A business partner is a term used in SAP to refer to any external or internal entity with which a company has a business relationship. This includes customers, vendors, and other organizations. The SAP component SRD-MD-BP FDN-Business Partner is used to manage the data associated with these business partners, such as contact information, payment terms, and other relevant data. 
  
  How to use it: 
  The SRD-MD-BP FDN-Business Partner component can be used to create, view, and edit business partner data. It can also be used to search for existing business partners and view their associated data. Additionally, it can be used to generate reports on business partner data. 
  
  Tips & Tricks: 
  When creating a new business partner, make sure to enter all relevant information such as contact details and payment terms. This will ensure that all necessary data is available when needed. Additionally, it is important to keep the business partner data up-to-date in order to ensure accuracy. 
  
  Related Information: 
  The SRD-MD-BP FDN-Business Partner component is part of the SAP Business Suite software package. It is closely related to other components such as SRD-MD-BP FDN-Customer Master and SRD-MD-BP FDN-Vendor Master which are used for managing customer and vendor data respectively.