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local payment terms

Former Member
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Hi Guru,

What is the significance of local payment terms in SRM?

In which scenario, local payment terms should be used?

Quick reply will be highly appreciated!

Thanks.

Umesh

Accepted Solutions (0)

Answers (1)

Answers (1)

former_member183819
Active Contributor
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Hi Umesh,

Payment terms can be configured in SRM in standalone scenario and this payment terms assigned to our vendor master data.R/3 payment terms are very robust than SRM payment term.

regards

muthu

Former Member
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Pls let me know in classic scenario can we create invoice w/o reference to PO with backened payment terms.If so pls let me know the steps.