Vendor guarantees for PO's
Does anybody have any experience or ideas on a good solution for management of vendor financial guarantees against PO's or contracts?
TIA
Hi TIA,
Can you elaborate a little bit your inquiry?
Cheers,
HT
Hi Ha Tran
It's like this: I have a contract or PO with a vendor; as a guarantee to the fulfillment of the contract (a term and condition of the contract) the vendor is asked to provide us with a bank (money) guarantee (basicaly a piece of paper). This information needs to be managed in the system accordingly.
SAP has such thing, it is called Documentary Payments and part of foreign trade. But this covers only the contrary situation, as far as I can remember, to make sure that a customer can pay for a delivery.
But you might have a look into documentation to justify by yourself: