What is benefit split schema in SAP FS-CM - Claims Management?

SAP Term: benefit split schema

• Component: FS-CM

• Component Name: Claims Management

• Description: In a benefit split, the split schema mainly controls how much should be paid to whom. It is also possible to establish a sequence in which payments should be made.

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• Key Concepts: 
  Benefit Split Schema is a feature of the FS-CM Claims Management component of SAP. It allows users to divide the benefits of a claim into multiple parts and assign them to different parties. This feature is useful for situations where multiple parties are involved in a claim and need to share the benefits. 
  
  How to use it: 
  To use the Benefit Split Schema, users must first create a claim in the FS-CM Claims Management component. Once the claim is created, users can then select the Benefit Split Schema option from the menu. This will open up a window where users can enter the details of how they want to divide the benefits of the claim. They can assign different percentages of the benefit to different parties and save their changes. 
  
  Tips & Tricks: 
  When using the Benefit Split Schema, it is important to make sure that all parties involved in the claim are aware of how the benefits are being divided. This will help ensure that everyone is on the same page and that there are no misunderstandings or disputes later on. 
  
  Related Information: 
  The Benefit Split Schema is just one of many features available in SAP's FS-CM Claims Management component. Other features include Claim Status Tracking, Claim Resolution, and Claim Reimbursement. All of these features can help users manage their claims more efficiently and effectively.