What is initial reserve in SAP FS-CM - Claims Management?

SAP Term: initial reserve

• Component: FS-CM

• Component Name: Claims Management

• Description: Reserve amount that is set when the claim is created.

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• Key Concepts: 
  Initial reserve is a feature of the SAP FS-CM Claims Management component. It is a financial reserve that is set aside to cover the estimated costs of a claim. The initial reserve is based on the estimated cost of the claim and can be adjusted as needed.
  
  How to use it: 
  The initial reserve can be set up in the SAP FS-CM Claims Management component. The user can enter the estimated cost of the claim and the system will automatically calculate the initial reserve amount. The user can then adjust the initial reserve amount as needed.
  
  Tips & Tricks: 
  It is important to keep track of the initial reserve amount and adjust it as needed. This will ensure that there are sufficient funds available to cover the costs of the claim.
  
  Related Information: 
  The initial reserve feature is part of the SAP FS-CM Claims Management component. It is also related to other features such as claims processing, payment processing, and reporting.