What is renewal in SAP FS-AM-CM-CA - Card?

SAP Term: renewal

• Component: FS-AM-CM-CA

• Component Name: Card

• Description: The process that is used to order follow-on cards.

Smart SAP Assistant

• Key Concepts: 
  Renewal in SAP FS-AM-CM-CA Card Management is the process of extending the validity of a card. This can be done by either extending the expiration date or by replacing the card with a new one. The renewal process is used to ensure that the cardholder has access to their account and can continue to use their card for transactions. 
  
  How to use it: 
  In order to renew a card, the cardholder must first contact their bank or financial institution. The bank or financial institution will then provide the cardholder with instructions on how to renew their card. Depending on the type of card, the renewal process may involve providing additional information such as proof of identity or address. Once the renewal process is complete, the cardholder will be able to continue using their card for transactions. 
  
  Tips & Tricks: 
  It is important to note that not all cards can be renewed. Some cards may have an expiration date that cannot be extended and must be replaced with a new one. Additionally, some banks and financial institutions may charge a fee for renewing a card. It is important to check with your bank or financial institution before attempting to renew your card. 
  
  Related Information: 
  For more information about renewal in SAP FS-AM-CM-CA Card Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FS_AM_CM_CA/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html