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

SAP Term: waiver

• Component: FS-AM-OM-AC

• Component Name: Account Order

• Description: Voluntary removal of a charge by the bank in favor of the borrower.

Smart SAP Assistant

• Key Concepts: 
  Waiver is a feature in SAP FS-AM-OM-AC Account Order Management that allows users to bypass certain rules and regulations when processing orders. This feature is used to quickly process orders without having to go through the entire process of verifying the order against the rules and regulations. 
  
  How to use it: 
  To use the waiver feature, users must first select the order they wish to process and then select the “waiver” option. This will allow them to bypass any rules or regulations that would normally be required for processing the order. Once the waiver is selected, the order will be processed without any further verification. 
  
  Tips & Tricks: 
  When using the waiver feature, it is important to remember that it should only be used when absolutely necessary. Waiving rules and regulations can have serious consequences if not done properly, so it is important to make sure that all necessary checks have been done before waiving any rules or regulations. 
  
  Related Information: 
  The waiver feature in SAP FS-AM-OM-AC Account Order Management is part of a larger suite of features designed to help users quickly and efficiently process orders. Other features include automated order processing, order tracking, and order history tracking.