What is 'lead time of payment' in SAP FS-CM - Claims Management?

lead time of payment - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: Indicates the number of days taken for a payment created in the system to be credited to the account of the payee.

lead time of payment - Details

• 
  Key Concepts: 
  Lead time of payment is a term used in SAP FS-CM Claims Management. It refers to the amount of time between when a claim is submitted and when the payment is made. This time period can vary depending on the type of claim and the policies of the organization. 
  
  How to use it: 
  In SAP FS-CM Claims Management, lead time of payment is used to determine when a payment should be made for a claim. The system will calculate the lead time of payment based on the type of claim and the policies of the organization. This information can then be used to determine when payments should be made. 
  
  Tips & Tricks: 
  It is important to ensure that the lead time of payment is accurate in order to ensure that payments are made on time. It is also important to review the policies of the organization to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  Lead time of payment is related to other terms such as turnaround time, processing time, and response time. These terms all refer to different aspects of claims processing and can be used in conjunction with lead time of payment to ensure that payments are made in a timely manner.