What is disbursement in SAP FS-CML - Loans Management?

SAP Term: disbursement

• Component: FS-CML

• Component Name: Loans Management

• Description: An activity through which the loan amount committed by the lender is paid disbursed to the borrower. Partial amounts can be disbursed and payments can be made to third parties.

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• Key Concepts: 
  Disbursement is a process in SAP FS-CML Loans Management that involves the release of funds from a lender to a borrower. It is the final step in the loan process and is typically triggered when all the necessary documents have been signed and approved. The disbursement process involves the transfer of funds from the lender to the borrower, as well as any other associated fees or charges. 
  
  How to use it: 
  In SAP FS-CML Loans Management, disbursement is initiated by entering the loan details into the system. This includes information such as the loan amount, interest rate, repayment terms, and any other associated fees or charges. Once all of this information has been entered, the system will generate a disbursement request which must be approved by both parties before the funds can be released. 
  
  Tips & Tricks: 
  When entering loan details into SAP FS-CML Loans Management, it is important to double-check all of the information to ensure accuracy. This will help to avoid any delays or errors during the disbursement process. Additionally, it is important to ensure that all necessary documents have been signed and approved before initiating disbursement. 
  
  Related Information: 
  SAP FS-CML Loans Management also includes features such as loan origination, loan servicing, and loan repayment tracking. These features can be used in conjunction with disbursement to ensure that all aspects of the loan process are managed efficiently and accurately.