What is extension in SAP FS-AM-OM-AC - Account Order?

SAP Term: extension

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: An extension order allows the borrower to postpone a payment or payments from the loan payment schedule. A payment could be an installment principal and interest, an insurance premium, or a charge. The loan officer postpones the extended payment to a future period.

Smart SAP Assistant

• Key Concepts: 
  Extension is a feature in the FS-AM-OM-AC Account Order Management component of SAP that allows users to customize their order management processes. It enables users to add additional fields, tables, and logic to the existing order management processes. This allows users to tailor the order management process to their specific needs. 
  
  How to use it: 
  To use the extension feature, users must first define the additional fields, tables, and logic they want to add. Once these have been defined, they can then be added to the existing order management process. The extension feature also allows users to modify existing fields and tables in order to customize the process further. 
  
  Tips & Tricks: 
  When using the extension feature, it is important to ensure that all of the additional fields, tables, and logic are properly configured. This will ensure that the order management process runs smoothly and efficiently. Additionally, it is important to test any changes made before they are implemented in order to ensure that they do not cause any issues with the existing process. 
  
  Related Information: 
  For more information on how to use the extension feature in FS-AM-OM-AC Account Order Management, please refer to SAP’s official documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.