What is 'settlement variant' in SAP FS-CM - Claims Management?

settlement variant - Overview

• Component: FS-CM

• Component Name: Claims Management

• Description: Way of determining the benefit values for the first payout in permanent incapacity to work or occupational disability insurance. The variant governs whether the settlement is made dependent on the main contract, and thus from the start of the insurance year, or not.

settlement variant - Details

• 
  Key Concepts: 
  Settlement variant is a feature of the FS-CM Claims Management component of SAP. It is used to define the settlement rules for a particular claim. The settlement variant contains information about the payment method, payment terms, and other details related to the settlement of a claim. 
  
  How to use it: 
  The settlement variant is used to define the rules for settling a claim. It contains information such as the payment method, payment terms, and other details related to the settlement of a claim. The settlement variant can be created in the FS-CM Claims Management component of SAP. 
  
  Tips & Tricks: 
  When creating a settlement variant, it is important to ensure that all relevant information is included in the variant. This will ensure that all claims are settled according to the defined rules. 
  
  Related Information: 
  The FS-CM Claims Management component of SAP also includes features such as claim processing, dispute management, and reporting. These features can be used in conjunction with the settlement variant to ensure that claims are settled efficiently and accurately.