What is distance in SAP FS-AM - Account Management?

SAP Term: distance

• Component: FS-AM

• Component Name: Account Management

• Description: The difference between character strings. The value for the distance is between 0 and 1. If the value is 0, then there is no difference between the character strings they are identical; if the value is 1, then they are completely different character strings. The Intelligent Account Finder uses the weighted overall distance to determine the most similar accounts in the system for a recipient item with invalid or incomplete account identification.

Smart SAP Assistant

• Key Concepts: 
  Distance in FS-AM Account Management is a measure of the distance between two accounts. It is used to determine the relationship between two accounts and to identify the most efficient way to transfer funds between them. The distance is calculated based on the account hierarchy, account type, and other factors. 
  
  How to use it: 
  Distance can be used to determine the most efficient way to transfer funds between two accounts. To calculate the distance, you need to enter the account numbers of both accounts into the system. The system will then calculate the distance between them and provide you with a list of possible transfer options. 
  
  Tips & Tricks: 
  When calculating the distance between two accounts, it is important to consider all factors that could affect the transfer. This includes account type, account hierarchy, and other factors. Additionally, it is important to consider any fees or restrictions that may be associated with transferring funds between two accounts. 
  
  Related Information: 
  For more information about distance in FS-AM Account Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed information about how to use distance in FS-AM Account Management.