What is belated claim year in SAP FS-CM - Claims Management?

SAP Term: belated claim year

• Component: FS-CM

• Component Name: Claims Management

• Description: Year in which a belated claim is reported.

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• Key Concepts: 
  Belated claim year is a term used in SAP FS-CM Claims Management. It refers to a claim that is submitted after the end of the fiscal year in which the claim was incurred. This type of claim is usually submitted due to an oversight or delay in filing the claim.
  
  How to use it: 
  In order to submit a belated claim year, the user must first enter the claim into the system. This can be done by entering the relevant information such as the date of the claim, the amount of the claim, and any other relevant details. Once this information is entered, the user can then submit the claim for processing.
  
  Tips & Tricks: 
  When submitting a belated claim year, it is important to ensure that all of the necessary information is included in order to avoid any delays or errors in processing. Additionally, it is important to note that belated claims may be subject to additional fees or penalties depending on the jurisdiction in which they are submitted.
  
  Related Information: 
  For more information on belated claims and how to submit them in SAP FS-CM Claims Management, please refer to SAP Help documentation or contact your local SAP representative.