What is review period in SAP FIN-FSCM-CLM - Cash and Liquidity Management?

SAP Term: review period

• Component: FIN-FSCM-CLM

• Component Name: Cash and Liquidity Management

• Description: A time interval during which authorized users can verify the bank account master records in the system with the latest bank account data from the bank. Periodic reviews can help the company to ensure that the bank account master data is up to date.

Smart SAP Assistant

• Key Concepts: 
  Review period is a term used in SAP Cash and Liquidity Management (CLM) to refer to the period of time during which a user can review and approve or reject a payment. This period is typically set by the user and can be adjusted depending on the payment type. 
  
  How to use it: 
  In SAP CLM, users can set up a review period for each payment type. This review period will determine how long the payment will be available for review before it is automatically approved or rejected. The user can also manually approve or reject payments during this period. 
  
  Tips & Tricks: 
  It is important to set up an appropriate review period for each payment type in order to ensure that payments are reviewed in a timely manner. It is also important to note that the review period can be adjusted depending on the payment type and the user’s preferences. 
  
  Related Information: 
  For more information on setting up a review period in SAP CLM, please refer to the SAP Help documentation.