What is payee on behalf of in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: payee on behalf of

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A role assigned to a person or company that can receive payments on behalf of another.

Smart SAP Assistant

• Key Concepts: 
  Payee on behalf of is a feature in SAP SRM (Supplier Relationship Management) that allows a company to pay a supplier on behalf of another company. This feature is useful when a company needs to pay a supplier for goods or services that were provided to another company. 
  
  How to use it: 
  To use the payee on behalf of feature, the company must first set up the supplier in SAP SRM. Once the supplier is set up, the company can then enter the details of the payment, including the amount, date, and other relevant information. The payment will then be processed and sent to the supplier on behalf of the other company. 
  
  Tips & Tricks: 
  When setting up a supplier in SAP SRM, it is important to ensure that all relevant information is entered correctly. This includes the name and address of the supplier, as well as any other relevant information such as payment terms and contact details. It is also important to ensure that all payments are made on time, as late payments can lead to delays in receiving goods or services from the supplier. 
  
  Related Information: 
  The payee on behalf of feature is just one of many features available in SAP SRM. Other features include contract management, invoice processing, and reporting. For more information about SAP SRM and its features, please visit the official SAP website.