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

SAP Term: benefit offset

• Component: FS-CM

• Component Name: Claims Management

• Description: Offsetting of benefits from a life insurance for benefit distribution.

Smart SAP Assistant

• Key Concepts: 
  Benefit offset is a feature in SAP FS-CM Claims Management that allows for the automatic deduction of benefits from a claim payment. This feature helps to ensure that the total amount paid out to a claimant does not exceed the total amount of benefits they are entitled to. 
  
  How to use it: 
  To use benefit offset, you must first set up the feature in the system. This includes setting up the benefit types and amounts that will be deducted from each claim payment. Once this is done, you can then enable benefit offset for each claim payment. When enabled, the system will automatically deduct the appropriate amount of benefits from the payment before it is issued. 
  
  Tips & Tricks: 
  When setting up benefit offset, it is important to ensure that all benefit types and amounts are correctly configured. This will help to ensure that the correct amount of benefits is deducted from each claim payment. Additionally, it is important to regularly review and update the benefit types and amounts as needed. 
  
  Related Information: 
  For more information on setting up and using benefit offset in SAP FS-CM Claims Management, please refer to the official SAP documentation.