What is per diem benefit scale in SAP FS-CM - Claims Management?

SAP Term: per diem benefit scale

• Component: FS-CM

• Component Name: Claims Management

• Description: A step-wise fixing of the compensation benefit. Agreements on per diem benefit scales are common in per diem sickness benefit insurance, for example. The benefit payment is set at different levels for individual periods as from the onset of illness. This means that it is possible to cater for an increased benefit requirement with a longer illness, for example. &EXAMPLE& Agreement on per diem sickness benefit: 21 days waiting period 22nd - 42nd day of illness meaning 21 days: USD 50 Thereafter, USD 75 per day With an illness period of 50 days, the insured would receive 21 x 50 + 8 x 75 = USD 1650.

Smart SAP Assistant

• Key Concepts: 
  Per diem benefit scale is a feature of the SAP FS-CM Claims Management component. It allows companies to set up a scale of daily benefits for employees who are travelling for business purposes. The scale is based on the location of the employee's destination and the duration of their stay. 
  
  How to use it: 
  The per diem benefit scale can be set up in the SAP FS-CM Claims Management component. Companies can define different scales for different locations and duration of stay. The scales can be used to automatically calculate the daily benefit amount for each employee's travel expenses. 
  
  Tips & Tricks: 
  It is important to keep the per diem benefit scale up-to-date in order to ensure that employees are receiving the correct amount of benefits for their travel expenses. Companies should also consider setting up different scales for different types of travel, such as international or domestic travel. 
  
  Related Information: 
  The per diem benefit scale is just one of many features available in the SAP FS-CM Claims Management component. Other features include expense report management, payment processing, and audit trails. Companies can use these features to streamline their claims management process and ensure accuracy and compliance with regulations.