What is priority in SAP FS-CMS - Collateral Management System?

SAP Term: priority

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: The order in which the receivables are serviced in a fictitious liquidation. The priority is used to determine at what share the receivables are serviced. The priority is only relevant if several receivable values have been assigned to the collateral agreement.

Smart SAP Assistant

• Key Concepts: 
  Priority in the FS-CMS Collateral Management System (CMS) is a setting that determines the order in which tasks are processed. It is used to prioritize tasks based on their importance and urgency. The higher the priority, the sooner the task will be processed. 
  
  How to use it: 
  Priority can be set for each task in CMS. To set priority, go to the task list and select the task you want to prioritize. Then, select the “Priority” option from the drop-down menu and choose a priority level from 1 (lowest) to 5 (highest). 
  
  Tips & Tricks: 
  When setting priority, consider the importance and urgency of the task. If a task is important but not urgent, it should be given a lower priority than a task that is both important and urgent. 
  
  Related Information: 
  For more information on setting priority in CMS, refer to the SAP Help documentation.