What is 'lump sum' in SAP SRM-EBP - Enterprise Buyer?

lump sum - Overview

• Component: SRM-EBP

• Component Name: Enterprise Buyer

• Description: Amount that is set at a fixed rate per unit for example hours or days for a certain purpose for example expenses. If necessary, lump sums can be added to a request for service or to a purchase order for services.

lump sum - Details

• 
  Key Concepts: 
  Lump sum is a payment method in SAP SRM-EBP Enterprise Buyer Professional that allows buyers to purchase goods or services from suppliers in one single payment. This payment method is often used when the buyer and supplier have agreed on a fixed price for the goods or services being purchased. 
  
  How to use it: 
  To use the lump sum payment method, buyers must first create a purchase order in SAP SRM-EBP Enterprise Buyer Professional. The purchase order should include the agreed-upon price for the goods or services being purchased. Once the purchase order is created, buyers can select the lump sum payment method and enter the total amount to be paid. 
  
  Tips & Tricks: 
  When using the lump sum payment method, it is important to ensure that all details of the purchase order are accurate and up-to-date. This will help to avoid any discrepancies between the buyer and supplier when it comes time to make the payment. 
  
  Related Information: 
  For more information about using lump sum payments in SAP SRM-EBP Enterprise Buyer Professional, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this payment method.