What is approved overconsumption in SAP CRM-FM - Funds Management?

SAP Term: approved overconsumption

• Component: CRM-FM

• Component Name: Funds Management

• Description: A value category that represents the extra amount that has been approved for all the fund usages in a fund.

Smart SAP Assistant

• Key Concepts: 
  Approved overconsumption is a feature of SAP Funds Management (FM) that allows for the approval of an overconsumption of funds in a budget. This means that the budget can be exceeded, but only with the approval of the responsible manager. This feature is useful for organizations that need to be able to adjust their budgets quickly and easily in response to changing circumstances.
  
  How to use it: 
  In order to use approved overconsumption, the responsible manager must first set up a budget in SAP Funds Management. Once the budget is set up, the manager can then approve any overconsumption requests that come in. The manager can also set up rules and parameters for how much overconsumption is allowed and when it should be approved.
  
  Tips & Tricks: 
  When setting up approved overconsumption, it is important to ensure that the rules and parameters are clear and easy to understand. This will help ensure that the budget is managed properly and that any overconsumption requests are handled in a timely manner. Additionally, it is important to keep track of any approved overconsumption requests so that they can be monitored and managed appropriately.
  
  Related Information: 
  SAP Funds Management also offers other features such as budgeting, forecasting, and reporting. Additionally, there are various third-party tools available that can help organizations manage their budgets more effectively. For more information on SAP Funds Management, please visit the SAP website or contact your local SAP representative.