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

SAP Term: reserve history

• Component: FS-CM

• Component Name: Claims Management

• Description: Complete overview of all reserves in a claim and of changes to the amount of the reserve during the course of claims processing. You can see which single reserves have been set or adjusted as a result of payments.

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• Key Concepts: 
  Reserve history is a feature of the FS-CM Claims Management component of SAP. It is used to track the changes in the amount of money that is set aside to cover potential claims. This amount is known as a “reserve” and is typically used to cover the cost of any claims that may arise in the future. 
  
  How to use it: 
  The reserve history feature allows users to view the changes in the reserve amount over time. This can be done by viewing the reserve history report, which shows the changes in the reserve amount for each claim. The report also shows the date and time of each change, as well as who made the change. 
  
  Tips & Tricks: 
  When using the reserve history feature, it is important to keep track of any changes that are made to the reserve amount. This will help ensure that all claims are properly covered and that no money is wasted on unnecessary reserves. Additionally, it is important to review the reserve history report regularly to ensure that all changes are accurate and up-to-date. 
  
  Related Information: 
  The reserve history feature is closely related to other features of FS-CM Claims Management, such as claim status tracking and payment tracking. These features can be used together to provide a comprehensive view of all claims and their associated costs. Additionally, these features can be used to ensure that all claims are properly managed and that no money is wasted on unnecessary reserves.