What is category of scheduled payment in SAP FS-CM - Claims Management?

SAP Term: category of scheduled payment

• Component: FS-CM

• Component Name: Claims Management

• Description: A description of the effect of the scheduled payment on reserves, subclaim status, and checks.

Smart SAP Assistant

• Key Concepts: 
  A category of scheduled payment in SAP FS-CM Claims Management is a type of payment that is scheduled to be made at a specific time. This type of payment can be used to pay for services or goods that have been purchased, or to pay for a claim that has been filed. The payment can be set up to be made on a regular basis, such as monthly or quarterly, or it can be set up to be made on a one-time basis. 
  
  How to use it: 
  In order to set up a category of scheduled payment in SAP FS-CM Claims Management, the user must first create a payment schedule. This can be done by selecting the “Payment Schedules” option from the main menu. From there, the user can select the type of payment they wish to schedule and enter the details of the payment, such as the amount, frequency, and date. Once the payment schedule has been created, the user can then assign it to a category of scheduled payments. 
  
  Tips & Tricks: 
  When setting up a category of scheduled payments in SAP FS-CM Claims Management, it is important to ensure that all of the details are correct and up-to-date. This will help ensure that payments are made on time and that any claims are paid out correctly. Additionally, it is important to keep track of all payments that have been made in order to ensure that no payments are missed or duplicated. 
  
  Related Information: 
  SAP FS-CM Claims Management also offers other types of payments such as one-time payments and recurring payments. Additionally, users can also set up automatic payments for certain types of claims or services. For more information about setting up payments in SAP FS-CM Claims Management, please refer to the official documentation.