What is aggregate management in SAP FS-CM - Claims Management?

SAP Term: aggregate management

• Component: FS-CM

• Component Name: Claims Management

• Description: A bundling based on criteria. &EXAMPLE& Period Line of business

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• Key Concepts: 
  Aggregate management is a feature of the FS-CM Claims Management component of SAP software. It allows users to manage and track claims and settlements in a single, centralized system. This helps to reduce administrative costs and improve efficiency. Aggregate management also provides a comprehensive view of all claims and settlements, allowing users to quickly identify trends and make informed decisions. 
  
  How to use it: 
  To use aggregate management, users must first create an aggregate record for each claim or settlement. This record contains all relevant information about the claim or settlement, such as the date, amount, and status. Once the record is created, users can then track the progress of the claim or settlement in real-time. They can also view detailed reports on the status of each claim or settlement. 
  
  Tips & Tricks: 
  When creating an aggregate record, it is important to include as much detail as possible. This will help ensure that all relevant information is tracked and that users can quickly identify trends or issues. Additionally, users should regularly review their aggregate records to ensure that all claims and settlements are up-to-date and accurate. 
  
  Related Information: 
  For more information on aggregate management in SAP software, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.