What is benefit calculator in SAP FS-CM - Claims Management?

SAP Term: benefit calculator

• Component: FS-CM

• Component Name: Claims Management

• Description: Tool that you can use to compute the benefit amounts and resulting repetitive payments in Workers Compensation claims.

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• Key Concepts: 
  Benefit calculator is a feature of the FS-CM Claims Management component of SAP software. It is used to calculate the benefits that an individual or organization is entitled to receive based on their eligibility criteria. The benefit calculator takes into account factors such as age, income, and other relevant information to determine the amount of benefits that can be claimed. 
  
  How to use it: 
  The benefit calculator can be accessed through the FS-CM Claims Management component of SAP software. Once accessed, users can enter their eligibility criteria and the calculator will generate a list of benefits that they are eligible for. The user can then select the benefits they wish to claim and the calculator will calculate the amount of benefits they are entitled to receive. 
  
  Tips & Tricks: 
  When using the benefit calculator, it is important to ensure that all relevant information is entered accurately in order to get an accurate calculation of benefits. Additionally, users should be aware that some benefits may have additional requirements or restrictions that must be met in order to be eligible for them. 
  
  Related Information: 
  For more information on the FS-CM Claims Management component of SAP software, please visit https://help.sap.com/viewer/product/FS-CM/latest/en-US. Additionally, for more information on how to use the benefit calculator, please visit https://help.sap.com/viewer/product/FS-CM/latest/en-US/benefit_calculator_overview.html.