What is third-party rights in SAP FS-CM - Claims Management?

SAP Term: third-party rights

• Component: FS-CM

• Component Name: Claims Management

• Description: Entitlement of a third-party in a benefit split. &EXAMPLE& A bank might have third-party rights as a creditor in the form of a security certificate, an assignment, a pledge, or restriction of transferability.

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• Key Concepts: 
  Third-party rights are a feature of SAP FS-CM Claims Management that allows users to assign rights to third parties, such as customers, vendors, or other external entities. This feature enables users to grant access to certain parts of the system, such as viewing and editing claims data, or creating new claims. 
  
  How to use it: 
  To use third-party rights in SAP FS-CM Claims Management, users must first create a user account for the third party. This can be done by entering the user's name and contact information into the system. Once the account is created, users can assign specific rights to the third party. These rights can be set up for individual claims or for all claims in the system. 
  
  Tips & Tricks: 
  When assigning third-party rights in SAP FS-CM Claims Management, it is important to ensure that only the necessary rights are granted. This will help to ensure that the system remains secure and that only authorized users have access to sensitive data. Additionally, it is important to regularly review and update the third-party rights as needed. 
  
  Related Information: 
  For more information on third-party rights in SAP FS-CM Claims Management, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide detailed instructions on how to set up and manage third-party rights in this system.