What is joint signature in SAP FIN-FSCM-CLM - Cash and Liquidity Management?

SAP Term: joint signature

• Component: FIN-FSCM-CLM

• Component Name: Cash and Liquidity Management

• Description: A payment approval pattern for bank accounts. When this pattern is used, all of the qualified signatories must approve the payment in sequence so as to make the payment effective.

Smart SAP Assistant

• Key Concepts: 
  Joint signature is a feature in SAP Cash and Liquidity Management (CLM) that allows two or more users to sign off on a document or transaction. This feature is used to ensure that all parties involved in a transaction are in agreement before it is completed. 
  
  How to use it: 
  In order to use the joint signature feature, users must first set up the required roles and authorizations. Once this is done, users can select the joint signature option when creating a document or transaction. This will prompt the system to require multiple signatures before the document or transaction can be completed. 
  
  Tips & Tricks: 
  It is important to ensure that all users involved in a joint signature transaction have the correct roles and authorizations. This will help to ensure that the process runs smoothly and that all parties are in agreement before the document or transaction is completed. 
  
  Related Information: 
  For more information on setting up roles and authorizations for joint signature transactions, please refer to SAP Help documentation.