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What is SAP settlement management?
Settlement Management functionality supports all types of settlement processes, including core business processes that need to be fully integrated in the order-to-cash cycle or within in a procure-to-pay scenario, such as condition contract settlement (rebate settlement), as well as standalone processes, whereby you ...
What is settlement management?
Settlement Management is the key solution within S/4 HAND to handle subsequent settlement of Customer and Vendor rebates. Condition Contract Management provides a central, standardized solution for administration of supplier and customer conditions.
What is rebate sap?
A Rebate is a discount given to customer based on customer's Sales (Volume or quantity) for a time period. Rebates can be given retroactively. To process rebates, a Rebate agreement is created with the customer based upon certain criteria (time period, customer, material, customer-material and receiver of the rebate).
What is rebate in SAP SD?
REBATE PROCESS In SAP SD. Rebate is an agreement between the company and the customer which is valid for a specific time period. ... At the end of the rebate agreement validity period, the company will reimburse the rebate amount to the customer.
What is rebate processing in SAP SD?
A Rebate is a discount given to customer based on customer's Sales (Volume or quantity) for a time period. Rebates can be given retroactively. To process rebates, a Rebate agreement is created with the customer based upon certain criteria (time period, customer, material, customer-material and receiver of the rebate).
What is rebate accrual in SAP?
In the conditions of rebate agreements you maintain Amount and Accrual. ... The Accruals are used to automatically accrual the value that will be paid to customer by the settlement.
What is rebate agreement?
A rebate agreement represents a contract between two business partners, defining the terms and conditions of a discount that is paid after the purchase of a product. ... The discount which is valid for a specific time period, is either based on a customer's sales volume, or on the amount of products purchased.
What is an example of a rebate?
The definition of a rebate is a discount given to a customer at the time of purchase, or money sent to a customer after they've paid the full price. ... An example of a rebate is someone paying full price for a cell phone and sending in a form to get 10% of what they paid back.
What is rebate processing?
You use rebate processing to process special discounts that are paid retroactively to a customer. ... The goal of rebates is to build long-term customer relationships. Rebate processing enables you to define rebate agreements and perform accounting for rebates given during the validity period of a rebate agreement.
What is rebate settlement?
Purpose. A rebate is a special discount which is paid retroactively to a customer. This discount is based on the customer's sales volume over a specified time period. You define the details of the rebate in a rebate agreement.
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