What is distribution plan in SAP FS-CM - Claims Management?

SAP Term: distribution plan

• Component: FS-CM

• Component Name: Claims Management

• Description: The distribution plan contains data on the participants in multiple insurance. &EXAMPLE& In coinsurance, the distribution plan contains the following data on the participating insurance companies: Participation type Settlement type Shares of the individual insurance companies

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• Key Concepts: 
  A distribution plan in SAP FS-CM Claims Management is a document that outlines the process of distributing payments to claimants. It includes details such as the amount of payment, the date of payment, and the method of payment. The distribution plan also specifies who is responsible for making the payments and who will receive them. 
  
  How to use it: 
  In SAP FS-CM Claims Management, a distribution plan is created by a claims administrator. The administrator will enter the details of the payment, such as the amount, date, and method of payment. They will also specify who is responsible for making the payments and who will receive them. Once the distribution plan is created, it can be used to track payments and ensure that they are made on time. 
  
  Tips & Tricks: 
  When creating a distribution plan in SAP FS-CM Claims Management, it is important to ensure that all details are accurate and up-to-date. This will help to ensure that payments are made on time and that claimants receive their payments correctly. It is also important to keep track of any changes to the distribution plan, as these may affect how payments are made or received. 
  
  Related Information: 
  For more information about creating and managing distribution plans in SAP FS-CM Claims Management, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide helpful tips and advice on how to use this feature effectively.