What is retroactive period in SAP FS-CM - Claims Management?

SAP Term: retroactive period

• Component: FS-CM

• Component Name: Claims Management

• Description: Period during which an employee must be unable to work before disability benefits can be paid retroactively for the waiting period as well.

Smart SAP Assistant

• Key Concepts: 
  Retroactive period is a feature in SAP FS-CM Claims Management that allows users to backdate claims and adjust the claim period. This feature is useful for companies that need to adjust claims for a period of time that has already passed. 
  
  How to use it: 
  To use the retroactive period feature, users must first select the claim they wish to adjust. Then, they can select the “Retroactive Period” option from the menu. This will open a window where users can enter the start and end dates of the period they wish to adjust. Once the dates are entered, users can click “OK” to save their changes. 
  
  Tips & Tricks: 
  When using the retroactive period feature, it is important to remember that any changes made will be applied to all claims within the specified period. Therefore, it is important to double-check all dates before saving any changes. 
  
  Related Information: 
  The retroactive period feature is just one of many features available in SAP FS-CM Claims Management. Other features include claim tracking, claim approval, and claim payment. For more information on these features, please refer to the SAP FS-CM Claims Management documentation.