What is regulatory reporting in SAP FS-CM - Claims Management?

SAP Term: regulatory reporting

• Component: FS-CM

• Component Name: Claims Management

• Description: Providing claim data and also policy data either directly to government entities or indirectly via a service provider such as Red Oaks in USA or an industry organization such as NCCI in USA. If the data is sent indirectly, the service provider or the industry organization collates the data and forwards it to the government entity.

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• Key Concepts: 
  Regulatory reporting is a process of collecting and submitting data to government agencies or other regulatory bodies. In the context of SAP FS-CM Claims Management, regulatory reporting is the process of collecting and submitting claims data to government agencies or other regulatory bodies in order to comply with applicable laws and regulations. 
  
  How to use it: 
  In SAP FS-CM Claims Management, regulatory reporting is enabled by the Regulatory Reporting module. This module allows users to collect and submit claims data to government agencies or other regulatory bodies in order to comply with applicable laws and regulations. The module also provides users with the ability to generate reports based on the collected data. 
  
  Tips & Tricks: 
  When using the Regulatory Reporting module, it is important to ensure that all data collected is accurate and up-to-date. Additionally, it is important to ensure that all reports generated are accurate and compliant with applicable laws and regulations. 
  
  Related Information: 
  For more information on regulatory reporting in SAP FS-CM Claims Management, please refer to the official SAP documentation. Additionally, there are a number of online resources available that provide additional information on regulatory reporting in SAP FS-CM Claims Management.