What is sworn expert in SAP FS-CML - Loans Management?

SAP Term: sworn expert

• Component: FS-CML

• Component Name: Loans Management

• Description: A specialist in a subject with knowledge and expertise beyond that of an average person, sufficient enough that a court may officially rely on that specialist for a legally-binding opinion.

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• Key Concepts: 
  A sworn expert is a person who has been certified by a court of law to provide expert testimony in a legal proceeding. In the context of SAP FS-CML Loans Management, a sworn expert is an individual who has been certified to provide expert advice and guidance on loan management processes. 
  
  How to use it: 
  The sworn expert can be used to provide advice and guidance on loan management processes, such as loan origination, loan servicing, and loan repayment. The expert can also provide advice on the legal aspects of loan management, such as compliance with applicable laws and regulations. 
  
  Tips & Tricks: 
  When engaging a sworn expert, it is important to ensure that they have the necessary qualifications and experience to provide the required advice and guidance. It is also important to ensure that the expert is familiar with the specific loan management processes that are being discussed. 
  
  Related Information: 
  The SAP FS-CML Loans Management module provides a comprehensive set of tools for managing loans. It includes features such as loan origination, loan servicing, and loan repayment. Additionally, it provides tools for compliance with applicable laws and regulations.