What is 'beneficiary' in SAP SRD-TRL - GLO-Translation?

beneficiary - Overview

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: The person or enterprise who is the intended final recipient of a payment.

beneficiary - Details

• 
  Key Concepts: 
  A beneficiary is a person or entity that is entitled to receive payments from a payer. In the SAP SRD-TRL GLO-Translation component, a beneficiary is an entity that is eligible to receive payments in a foreign currency. 
  
  How to use it: 
  In the SAP SRD-TRL GLO-Translation component, a beneficiary can be added by entering the relevant information such as name, address, and bank details. Once added, the beneficiary can be selected when making payments in a foreign currency. 
  
  Tips & Tricks: 
  When adding a beneficiary in the SAP SRD-TRL GLO-Translation component, make sure to double check all the information entered to ensure accuracy. This will help avoid any delays or errors when making payments in a foreign currency. 
  
  Related Information: 
  For more information on how to add beneficiaries in the SAP SRD-TRL GLO-Translation component, please refer to the official SAP documentation.