What is reduction in SAP FS-CM - Claims Management?

SAP Term: reduction

• Component: FS-CM

• Component Name: Claims Management

• Description: If there is a contributory effect, this leads to a reduction in indemnity payments.

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• Key Concepts: 
  Reduction is a feature in SAP FS-CM Claims Management that allows users to reduce the amount of a claim. This feature is used when the amount of a claim is too high and needs to be adjusted. The reduction can be done manually or automatically, depending on the user's preference. 
  
  How to use it: 
  To use the reduction feature in SAP FS-CM Claims Management, users must first select the claim they wish to reduce. Then, they can enter the new amount they wish to reduce the claim by. Once the new amount is entered, the system will automatically adjust the claim accordingly. 
  
  Tips & Tricks: 
  When using the reduction feature in SAP FS-CM Claims Management, it is important to remember that any changes made to a claim will be reflected in all related documents and reports. Therefore, it is important to double-check all documents and reports after making any changes to ensure accuracy. 
  
  Related Information: 
  For more information on how to use the reduction feature in SAP FS-CM Claims Management, please refer to the official SAP documentation or contact your local SAP support team.