What is generated repetitive payment in SAP FS-CM - Claims Management?

SAP Term: generated repetitive payment

• Component: FS-CM

• Component Name: Claims Management

• Description: Specific request to make a payout at a certain point in time. A generated repetitive payment is always made from a repetitive payment record.

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• Key Concepts: 
  Generated Repetitive Payment is a feature of SAP FS-CM Claims Management that allows users to automatically generate payments for recurring expenses. This feature helps streamline the payment process and reduce manual effort. It also helps to ensure accuracy and consistency in payments.
  
  How to use it: 
  To use Generated Repetitive Payment, users must first set up a payment template. This template will define the payment parameters such as the amount, frequency, and duration of the payments. Once the template is set up, users can then generate payments based on the template. The payments can be generated manually or automatically on a scheduled basis.
  
  Tips & Tricks: 
  When setting up a payment template, it is important to ensure that all of the parameters are accurate and up-to-date. This will help to ensure that payments are generated correctly and on time. Additionally, it is important to review the generated payments before they are sent out to ensure accuracy.
  
  Related Information: 
  Generated Repetitive Payment is just one of many features available in SAP FS-CM Claims Management. Other features include automated claim processing, document management, and reporting capabilities.