What type of information does vendor master data contain in SAP FI?

Vendor master data in SAP Financial Accounting contains essential information related to suppliers, including their contact details, payment terms, bank account information, and other crucial attributes that enable effective management of vendor transactions. This information is vital for processing vendor invoices, making payments, and maintaining accurate financial records.

The vendor master data serves multiple functions, such as ensuring timely payments to suppliers, providing accurate reporting on vendor-related expenses, and managing supplier relationships effectively. It encompasses general data about the vendor, financial information for invoice processing and payment, and purchasing data related to specific purchasing organizations.

Hence, the choice that cites supplier contact and payment information accurately encapsulates the critical role that vendor master data plays in the SAP FI module as a comprehensive repository for managing vendor-related financial information. This holistic view is necessary for maintaining efficient and transparent financial operations within the organization.