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

SAP Term: cumulative claim

• Component: FS-CM

• Component Name: Claims Management

• Description: A claim due to a certain incident catastrophe, for example to which several contracts of one or several policyholders can be assigned.

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• Key Concepts: 
  Cumulative claim is a feature of the SAP FS-CM Claims Management component. It allows for the aggregation of multiple claims into one claim, which can then be processed as a single claim. This simplifies the process of managing multiple claims and reduces the amount of paperwork and administrative overhead associated with managing multiple claims. 
  
  How to use it: 
  To use the cumulative claim feature, first create a new claim in the SAP system. Then, select the “Cumulative Claim” option from the drop-down menu. This will open up a new window where you can enter the details of each individual claim that you want to aggregate into one cumulative claim. Once all of the details have been entered, click “Save” to create the cumulative claim. 
  
  Tips & Tricks: 
  When creating a cumulative claim, it is important to ensure that all of the individual claims being aggregated are related to each other in some way. This will help ensure that all of the claims are processed correctly and efficiently. Additionally, it is important to keep track of all of the individual claims that are part of a cumulative claim, as this will make it easier to manage and track them in the future. 
  
  Related Information: 
  For more information on how to use the cumulative claim feature in SAP FS-CM Claims Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and step-by-step instructions on how to use this feature.