What is partner function in SAP FS-CMS - Collateral Management System?

SAP Term: partner function

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: Describes in which business function a business partner is used in Collateral Management. Note: The partner function in Collateral Management is independent of the business partner role in SAP Business Partner.

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• Key Concepts: 
  Partner Function is a feature of the FS-CMS Collateral Management System (CMS) that allows users to assign roles and responsibilities to different partners in a transaction. It enables users to define the roles and responsibilities of each partner in a transaction, such as who is responsible for providing collateral, who is responsible for managing the collateral, and who is responsible for monitoring the transaction. 
  
  How to use it: 
  To use the Partner Function, users must first create a partner profile. This profile includes information about the partner, such as their name, contact information, and any other relevant information. Once the profile is created, users can assign roles and responsibilities to the partner. The roles and responsibilities can be assigned on a per-transaction basis or on an ongoing basis. 
  
  Tips & Tricks: 
  When assigning roles and responsibilities to partners, it is important to ensure that all parties involved are aware of their roles and responsibilities. This will help ensure that all parties are held accountable for their actions and that the transaction runs smoothly. Additionally, it is important to keep track of any changes made to the partner profiles so that all parties are aware of any changes that have been made. 
  
  Related Information: 
  The Partner Function is part of the FS-CMS Collateral Management System (CMS). Other features of CMS include collateral management, risk management, and reporting capabilities. Additionally, CMS integrates with other SAP systems such as SAP ERP and SAP S/4HANA.