What is 'initiating party' in SAP SRD-TRL - GLO-Translation?

initiating party - Overview

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: The person, organization, or business partner who starts a process.

initiating party - Details

• 
  Key Concepts: 
  Initiating party is a term used in the SAP SRD-TRL GLO-Translation component. It refers to the entity that initiates a transaction or process. This could be an individual, a company, or any other type of organization. 
  
  How to use it: 
  In the SAP SRD-TRL GLO-Translation component, the initiating party is responsible for initiating a transaction or process. This could include initiating a payment, creating an invoice, or any other type of transaction. The initiating party must provide all necessary information and documents to complete the transaction or process. 
  
  Tips & Tricks: 
  When working with the SAP SRD-TRL GLO-Translation component, it is important to ensure that the initiating party is accurately identified and that all necessary information and documents are provided. This will help ensure that the transaction or process is completed in a timely and efficient manner. 
  
  Related Information: 
  The SAP SRD-TRL GLO-Translation component is part of the SAP Global Trade Services (GTS) suite of products. GTS provides a comprehensive set of tools and services for managing global trade processes, including customs clearance, export control, and compliance management.