What is compensation tree in SAP FS-CM - Claims Management?

SAP Term: compensation tree

• Component: FS-CM

• Component Name: Claims Management

• Description: Overall view of all data that can be used for the compensation calculation.

Smart SAP Assistant

• Key Concepts: 
  Compensation tree is a feature of the FS-CM Claims Management component of SAP. It is a graphical representation of the different types of compensation that can be awarded to claimants. It allows users to quickly and easily identify the most appropriate type of compensation for each claim. 
  
  How to use it: 
  The compensation tree is used to determine the most appropriate type of compensation for each claim. It is a graphical representation of the different types of compensation that can be awarded, such as cash, vouchers, or services. The user can select the type of compensation they wish to award and then enter the details of the claim into the system. 
  
  Tips & Tricks: 
  When using the compensation tree, it is important to ensure that all relevant information is entered into the system accurately. This will ensure that the correct type of compensation is awarded and that claimants receive their due payments in a timely manner. 
  
  Related Information: 
  The FS-CM Claims Management component also includes features such as claim tracking, dispute resolution, and reporting. These features can be used in conjunction with the compensation tree to ensure that claimants receive their due payments in a timely and accurate manner.