What is claim status in SAP FS-CM - Claims Management?

SAP Term: claim status

• Component: FS-CM

• Component Name: Claims Management

• Description: Indicates the status of the overall claim. &EXAMPLE& Open No claim made Closed

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• Key Concepts: 
  Claim status is a feature of the FS-CM Claims Management component of SAP software. It is used to track the progress of a claim from submission to resolution. It allows users to view the current status of a claim, as well as any changes that have been made to it.
  
  How to use it: 
  Claim status can be accessed through the FS-CM Claims Management component of SAP software. Once a claim has been submitted, users can view its current status by selecting the “Claim Status” option from the main menu. This will display a list of all claims and their current statuses. Users can then select a claim to view more detailed information about it, such as any changes that have been made or any notes that have been added.
  
  Tips & Tricks: 
  When viewing the claim status, users should pay attention to the “Status” column. This will indicate whether the claim is still in progress or if it has been resolved. Additionally, users should check the “Notes” column for any additional information that may be relevant to the claim.
  
  Related Information: 
  For more information on using the FS-CM Claims Management component of SAP software, please refer to the official documentation available on SAP’s website. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.