What is expiration in SAP FIN-FSCM-TRM-TM - Transaction Manager?

SAP Term: expiration

• Component: FIN-FSCM-TRM-TM

• Component Name: Transaction Manager

• Description: An activity that enables you to delete an option where the rights are not to be exercised or an order that is not to be executed. Depending on the processing category, settlement of the expiration may be required by the processing area.

Smart SAP Assistant

• Key Concepts: 
  Expiration is a feature of the Transaction Manager component of SAP FSCM. It is used to define the validity period of a transaction, such as a purchase order or invoice. When the expiration date is reached, the transaction is automatically closed and no further changes can be made. 
  
  How to use it: 
  Expiration can be set up in the Transaction Manager component of SAP FSCM. The expiration date can be set for each transaction type, and it can be changed at any time. The expiration date can also be set to a specific date or to a certain number of days after the transaction is created. 
  
  Tips & Tricks: 
  It is important to set an appropriate expiration date for each transaction type. If the expiration date is too short, it may not give enough time for the transaction to be completed. On the other hand, if the expiration date is too long, it may lead to unnecessary delays in closing out transactions. 
  
  Related Information: 
  For more information on setting up expiration in SAP FSCM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to configure expiration in SAP FSCM.