What is correspondent in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: correspondent

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The site to which or person to whom you want to send data. When sent to a database it is a site. The data, which can take different forms, can also be sent to a person, identified for example, by a URL.

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• Key Concepts: 
  A correspondent is a user in SAP BusinessObjects Financial Consolidation (EPM-FC) who is responsible for providing data to the consolidation process. Correspondents are typically external users, such as auditors or other third parties, who are not part of the consolidation process but need to provide data to it. 
  
  How to use it: 
  In order to use correspondents in EPM-FC, the administrator must first create a correspondent user account. This account will be used to log into the system and provide the necessary data. Once the account is created, the administrator can assign tasks to the correspondent and monitor their progress. 
  
  Tips & Tricks: 
  It is important to ensure that correspondents have access only to the data they need in order to complete their tasks. This can be done by setting up user roles and permissions for each correspondent. Additionally, it is important to keep track of which correspondents have been assigned which tasks in order to ensure that all tasks are completed in a timely manner. 
  
  Related Information: 
  For more information on using correspondents in EPM-FC, please refer to the SAP BusinessObjects Financial Consolidation User Guide. Additionally, you can find more information on setting up user roles and permissions in the SAP BusinessObjects Security Guide.