What is compensable in SAP FS-CM - Claims Management?

SAP Term: compensable

• Component: FS-CM

• Component Name: Claims Management

• Description: Indicates whether the insurance company has to compensate the insured or claimant, or whether any coverage referrals might exist.

Smart SAP Assistant

• Key Concepts: 
  Compensable is a term used in SAP FS-CM Claims Management to describe an event or incident that is eligible for compensation. This could include a customer's claim for a product defect, an insurance claim, or any other type of claim that is eligible for compensation. 
  
  How to use it: 
  In SAP FS-CM Claims Management, the term compensable is used to describe an event or incident that is eligible for compensation. When a customer makes a claim, the system will determine if the claim is compensable or not. If it is compensable, then the system will process the claim and provide the customer with the appropriate compensation. 
  
  Tips & Tricks: 
  When processing claims in SAP FS-CM Claims Management, it is important to remember that not all claims are compensable. It is important to review each claim carefully to determine if it is eligible for compensation before processing it. 
  
  Related Information: 
  SAP FS-CM Claims Management provides a comprehensive set of tools and features to help manage and process customer claims. It also provides detailed reporting and analytics to help identify trends and patterns in customer claims. Additionally, SAP FS-CM Claims Management can be integrated with other SAP solutions such as SAP ERP and SAP CRM to provide a more comprehensive view of customer claims.