What is benefit type tree in SAP FS-CM - Claims Management?

SAP Term: benefit type tree

• Component: FS-CM

• Component Name: Claims Management

• Description: A grouping of several benefit types in a hierarchy.

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• Key Concepts: 
  Benefit type tree is a feature of the FS-CM Claims Management component of SAP. It is a hierarchical structure that allows users to define and manage different types of benefits. The benefit type tree is used to define the different types of benefits that can be offered to customers, such as health insurance, life insurance, and disability insurance. 
  
  How to use it: 
  The benefit type tree is used to define the different types of benefits that can be offered to customers. It allows users to create a hierarchical structure for each type of benefit, which can include sub-types and other related information. For example, a health insurance benefit type tree might include sub-types such as hospitalization, prescription drugs, and vision care. 
  
  Tips & Tricks: 
  When creating a benefit type tree, it is important to consider the needs of the customer. Make sure that the structure is easy to understand and navigate, and that all relevant information is included. Additionally, it is important to keep the structure up-to-date with any changes in the benefits offered by the company. 
  
  Related Information: 
  For more information on how to use the benefit type tree in FS-CM Claims Management, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.