What is EDI vendor in SAP FS-CM - Claims Management?

SAP Term: EDI vendor

• Component: FS-CM

• Component Name: Claims Management

• Description: An intermediary who reports Workers Compensation claim data from carriers or self-administrators to the state Workers Compensation boards. This report is made in the format and timeframes required by each state.

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• Key Concepts: 
  EDI vendor is a term used in SAP FS-CM Claims Management. It refers to an external vendor that provides Electronic Data Interchange (EDI) services. EDI is a technology that enables the exchange of data between two or more systems in a standardized format. EDI vendors provide services such as data mapping, data validation, and data transmission.
  
  How to use it: 
  In SAP FS-CM Claims Management, EDI vendors are used to facilitate the exchange of data between the system and external vendors. The EDI vendor is responsible for mapping the data from the external vendor's system to the SAP system, validating the data, and transmitting it to the SAP system.
  
  Tips & Tricks: 
  When selecting an EDI vendor, it is important to ensure that they are experienced in working with SAP systems and have a good understanding of the specific requirements of your organization. Additionally, it is important to ensure that the EDI vendor has a good track record of providing reliable services.
  
  Related Information: 
  For more information on EDI vendors and how they can be used in SAP FS-CM Claims Management, please refer to the official SAP documentation.