How to use OFMM - Maintain minimum & maximum penalties

SAP Transaction Code - Details

• Transaction Code: OFMM

  Description: Maintain minimum & maximum penalties

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FMFG_PPA_E

    Package Description: Prompt Payment Act

    Parent Package: FUNDS_MANAGEMENT

  • Module/Component: PSM-FG-PP

    Description: US Prompt Payment Act

Smart SAP Assistant

• SAP Tcode: OFMM - Maintain minimum & maximum penalties

  
  Overview:
  The SAP transaction code OFMM is used to maintain minimum and maximum penalties in the SAP system. This transaction code is used to set up and manage penalty rules for different types of contracts. It allows users to define the minimum and maximum penalty amounts for each contract type, as well as the conditions under which the penalties will be applied. 
  
  Functionality: 
  The OFMM transaction code enables users to set up and manage penalty rules for different types of contracts. It allows users to define the minimum and maximum penalty amounts for each contract type, as well as the conditions under which the penalties will be applied. The penalty rules can be used to ensure that contracts are adhered to and that any breach of contract is appropriately penalized. 
  
  Step-by-step How to Use: 
  1. Access the OFMM transaction code by entering it into the command field in the SAP system. 
  2. Select the “Maintain Minimum & Maximum Penalties” option from the menu. 
  3. Enter the details of the contract type for which you want to set up a penalty rule. 
  4. Enter the minimum and maximum penalty amounts for this contract type. 
  5. Enter any additional conditions that must be met in order for the penalty rule to be applied. 
  6. Save your changes and exit the transaction code. 
  
  Other Recommendations: 
  It is important to ensure that all penalty rules are properly set up and maintained in order to ensure that contracts are adhered to and that any breach of contract is appropriately penalized. It is also important to review all penalty rules regularly in order to ensure that they are still relevant and up-to-date with current regulations and standards.