What is 'status transfer' in SAP FS-CML - Loans Management?

status transfer - Overview

• Component: FS-CML

• Component Name: Loans Management

• Description: A set of processing steps that a loan contract must progress through from the point at which it is entered until it is passed on to Financial Accounting.

status transfer - Details

• 
  Key Concepts: 
  Status transfer is a process in the FS-CML Loans Management component of SAP that allows users to transfer the status of a loan from one stage to another. This process is used to track the progress of a loan and ensure that all necessary steps are taken in order for the loan to be approved. 
  
  How to use it: 
  To use status transfer, users must first select the loan they wish to transfer the status of. Then, they must select the new status they wish to assign to the loan. Finally, they must confirm the status transfer by clicking “OK”. 
  
  Tips & Tricks: 
  It is important to double-check all information before confirming a status transfer. This will ensure that all necessary steps have been taken and that the loan is ready for approval. 
  
  Related Information: 
  For more information on status transfer in FS-CML Loans Management, please refer to SAP’s official documentation.