Payment Plans
Payment Plans feature was not available in SRM core.
Feature:
This feature enables users to define payment plans (also known as invoicing plans) at line item level in Purchase Orders in the Extended classic scenario. Payment plans support complex procurement processes which extend over long periods of time and involve payment milestones instead of the traditional process, which involves goods receipts and invoice receipts and is based on supplier shipments. Using payment plans, user can better steer and track payments from purchase orders.
The payment plan is replicated from SRM to ERP and can be used for invoice verification. Billing documents can be automatically generated in ERP based on the payment plan specified.
Information:
In SAP SRM, the business function SRM_CONT_IMPR_2 needs to be activated.
In Customizing for SAP Supplier Relationship Management, user needs to do the following customizing
Activate Payment Plan under 
SRM Server
Continuous Improvement
Payments
Activate/Deactivate Payment Plan
To use payment plans in SRM purchase orders, user must perform the Customizing activities in SAP ERP for Materials Management under Purchasing
Purchase Order
Invoicing Plan
Make sure that the following are customized:
- Type of payment plan
- List of possible date descriptions for a planned payment
- Assignment of date descriptions to invoice types
- List of possible reasons for blocking a planned payment
For complete details about SAP SRM 7.03 refer: SAP SRM 7.03
