What is documented credit decision in SAP FIN-FSCM-CR - Credit Management?

SAP Term: documented credit decision

• Component: FIN-FSCM-CR

• Component Name: Credit Management

• Description: Assessment of the credit rating of a business partner that the system has stored for legal or commercial purposes.

Smart SAP Assistant

• Key Concepts: 
  A documented credit decision is a decision made by a credit manager to grant or deny credit to a customer. This decision is based on the customer's creditworthiness and is documented in the SAP system. The credit manager can also set limits on the amount of credit that can be granted to the customer. 
  
  How to use it: 
  In order to make a documented credit decision, the credit manager must first assess the customer's creditworthiness. This assessment includes looking at the customer's financial history, payment history, and other factors. Once the assessment is complete, the credit manager can then decide whether or not to grant or deny credit to the customer. The decision is then documented in the SAP system. 
  
  Tips & Tricks: 
  When making a documented credit decision, it is important to consider all relevant factors and to document all decisions in the SAP system. This will ensure that all decisions are consistent and that any changes can be tracked easily. 
  
  Related Information: 
  The FIN-FSCM-CR Credit Management component of SAP provides tools for managing customer credit decisions. It includes features such as automated credit checks, risk analysis, and automated document generation. It also provides tools for monitoring customer accounts and tracking changes in customer credit limits.