What is collect payment in SAP TM-ADP-CSL-OTC - Order-to-cash for Container Shipping Liners?

SAP Term: collect payment

• Component: TM-ADP-CSL-OTC

• Component Name: Order-to-cash for Container Shipping Liners

• Description: A commercial term implying that the delivery of cargo to the receiver must only be done after payment is confirmed by the bank. If the place of payment is different from the place of delivery of the goods, then a confirmation of payment from the agent at the place of payment must be received before release.

Smart SAP Assistant

• Key Concepts: 
  Collect payment is a process in SAP TM-ADP-CSL-OTC Order-to-cash for Container Shipping Liners that allows customers to pay for goods and services. It involves the collection of payments from customers, including credit card payments, bank transfers, and other payment methods. The process also includes the reconciliation of payments with invoices and the recording of payments in the system. 
  
  How to use it: 
  To use collect payment in SAP TM-ADP-CSL-OTC Order-to-cash for Container Shipping Liners, customers must first enter their payment information into the system. This can be done through a web form or by entering the information directly into the system. Once the payment information is entered, the system will generate an invoice for the customer. The customer can then make their payment using their preferred method. Once the payment is received, it will be reconciled with the invoice and recorded in the system. 
  
  Tips & Tricks: 
  When using collect payment in SAP TM-ADP-CSL-OTC Order-to-cash for Container Shipping Liners, it is important to ensure that all payment information is accurate and up to date. This will help to ensure that payments are processed quickly and accurately. Additionally, it is important to ensure that all invoices are reconciled with payments in a timely manner to avoid any delays or discrepancies. 
  
  Related Information: 
  For more information on collect payment in SAP TM-ADP-CSL-OTC Order-to-cash for Container Shipping Liners, please refer to the official SAP documentation or contact your local SAP representative. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.