What is incoming payment order in SAP (FS-PE - Payment Engine)?

SAP Term: incoming payment order

• Component: FS-PE

• Component Name: Payment Engine

• Description: A payment order that was transferred from a presenting party system for payment processing.

Smart SAP Assistant

• Key Concepts: 
  Incoming payment orders are documents that are used to process payments from customers. They are created in the SAP system and contain information about the customer, the amount to be paid, and the payment method. The FS-PE Payment Engine is a component of SAP that is used to process incoming payment orders. 
  
  How to use it: 
  Incoming payment orders can be created in the SAP system by entering the customer information, the amount to be paid, and the payment method. Once the order is created, it can be processed using the FS-PE Payment Engine. The engine will then generate a payment document that can be used to make the payment. 
  
  Tips & Tricks: 
  When creating an incoming payment order, it is important to ensure that all of the information is accurate and up-to-date. This will help ensure that the payment is processed correctly and on time. Additionally, it is important to double-check all of the information before submitting the order for processing. 
  
  Related Information: 
  The FS-PE Payment Engine is part of SAP’s Financial Services suite of products. It can also be used to process outgoing payments, such as payments to vendors or suppliers. Additionally, it can be used to generate reports on payments and other financial transactions.