What is invoicing party in SAP SRD-SRM-SI - SRM-Supplier Invoicing?

SAP Term: invoicing party

• Component: SRD-SRM-SI

• Component Name: SRM-Supplier Invoicing

• Description: The person, organization, or business partner that issues an invoice. An invoice is normally created after the ordered products have been delivered, and includes information such as products, their prices, and payment terms.

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• Key Concepts: 
  Invoicing party is a term used in SAP Supplier Invoicing (SRM-SI) to refer to the entity that is responsible for creating and sending invoices. This could be either the supplier or the customer, depending on the agreement between them. The invoicing party is responsible for ensuring that all invoices are accurate and complete, and that they are sent to the correct recipient.
  
  How to use it: 
  In SAP Supplier Invoicing, the invoicing party is specified in the invoice document. This can be done manually or automatically, depending on the agreement between the supplier and customer. Once the invoicing party has been specified, all subsequent invoices will be sent to that party.
  
  Tips & Tricks: 
  It is important to ensure that the invoicing party is specified correctly in each invoice document. This will help to ensure that all invoices are sent to the correct recipient and that any discrepancies can be quickly identified and rectified.
  
  Related Information: 
  For more information about SAP Supplier Invoicing, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRM_SI/7.5/en-US.