What is time-dependent limit in SAP FS-CM - Claims Management?

SAP Term: time-dependent limit

• Component: FS-CM

• Component Name: Claims Management

• Description: Limit for the total of all benefits paid in a given period. A time-dependent limit is specified in the contract for each covered benefit type and for each insured object. However, it can also be stored for each benefit type in cross-contract structures. &Example& Per diem sickness benefit is paid for a maximum of 365 days in a period of four years.

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• Key Concepts: 
  Time-dependent limit is a feature of the FS-CM Claims Management component of SAP. It allows users to set a time limit for when a claim must be processed. This ensures that claims are processed in a timely manner and that any delays are minimized. 
  
  How to use it: 
  To use the time-dependent limit feature, users must first set up the time limit in the system. This can be done by entering the desired time limit in the relevant field. Once the time limit is set, it will be applied to all claims that are processed within the system. 
  
  Tips & Tricks: 
  It is important to ensure that the time limit is set correctly, as this will ensure that claims are processed in a timely manner. Additionally, users should also ensure that they are aware of any changes to the time limit, as this could affect how quickly claims are processed. 
  
  Related Information: 
  For more information on how to use the time-dependent limit feature of FS-CM Claims Management, please refer to the official SAP documentation. Additionally, users can also contact their SAP support team for further assistance.