What is total claim expenditure in SAP FS-CM - Claims Management?

SAP Term: total claim expenditure

• Component: FS-CM

• Component Name: Claims Management

• Description: Amount for all insurance payments and benefits in a claim total of all payments plus total of all reserves.

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• Key Concepts: 
  Total claim expenditure is a term used in SAP FS-CM Claims Management. It is the total amount of money that has been spent on claims, including both the cost of the claim itself and any associated costs such as legal fees or administrative costs. 
  
  How to use it: 
  Total claim expenditure can be tracked in SAP FS-CM Claims Management by creating a report that shows the total amount of money spent on claims over a certain period of time. This report can be used to monitor spending and ensure that claims are being managed efficiently. 
  
  Tips & Tricks: 
  When creating a report to track total claim expenditure, it is important to include all associated costs such as legal fees or administrative costs. This will ensure that the report accurately reflects the total amount of money spent on claims. 
  
  Related Information: 
  SAP FS-CM Claims Management also includes features such as claim tracking, claim processing, and claim analysis. These features can be used to further analyze and manage claims in order to reduce costs and improve efficiency.