Hi
Payment terms means the time given to a customer or vendor to pay the value of goods.
credit management is used to check whether the customer has excedded his credit limit given to him.
An agreement the company has with its customers or vendors, including:
Payment period
Price list
Total discount in the document
This information is used to calculate prices for the items; the due
dates of invoices and the total discount.
A key functional area of mySAP CRM that provides credit check with use of information about payment history and credit risk analysis.
Please let me know if you need more information.
Assign points if useful.
Regards
Sridhar M
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