What is 'reference step' in SAP FS-BA-PM-CR - Credit Risk?

reference step - Overview

• Component: FS-BA-PM-CR

• Component Name: Credit Risk

• Description: Specifies which method for forming groups the system is to be apply during grouping operations of operation category GR.

reference step - Details

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  Key Concepts: 
  Reference step is a feature in the Credit Risk Management (CRM) component of SAP Financial Services Business Application (FS-BA-PM-CR). It allows users to define a reference step for each credit risk management process. This reference step is used to determine the order in which the credit risk management processes are executed. 
  
  How to use it: 
  To use the reference step feature, users must first define a reference step for each credit risk management process. This can be done by selecting the “Reference Step” option from the CRM menu. Once the reference step has been defined, users can then select the “Execute” option from the CRM menu to execute the credit risk management processes in the order defined by the reference step. 
  
  Tips & Tricks: 
  When defining a reference step, it is important to consider how each credit risk management process interacts with other processes. This will help ensure that all processes are executed in an efficient and effective manner. Additionally, it is important to keep track of any changes made to the reference step as this may affect how the credit risk management processes are executed. 
  
  Related Information: 
  For more information on how to use the reference step feature in SAP Financial Services Business Application (FS-BA-PM-CR), please refer to SAP’s official documentation on Credit Risk Management. Additionally, there are many online resources available