What is receivable component in SAP FS-CMS - Collateral Management System?

SAP Term: receivable component

• Component: FS-CMS

• Component Name: Collateral Management System

• Description: The component of a receivable such as capital, outstanding interest or fees which is to be collateralized.

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• Key Concepts: 
  The receivable component of the FS-CMS Collateral Management System (CMS) is a tool that allows companies to manage their receivables and ensure that they are paid on time. It provides a comprehensive view of all receivables, including those from customers, suppliers, and other entities. The receivable component also allows companies to track payments and monitor the status of their receivables. 
  
  How to Use It: 
  The receivable component of the FS-CMS CMS can be used to manage and track all receivables. Companies can use it to view their receivables, track payments, and monitor the status of their receivables. Additionally, companies can use the receivable component to set up payment reminders and notifications for customers who are late on payments. 
  
  Tips & Tricks: 
  When using the receivable component of the FS-CMS CMS, it is important to ensure that all data is accurate and up-to-date. This will help ensure that companies have an accurate view of their receivables and can make informed decisions about how to manage them. Additionally, companies should take advantage of the payment reminders and notifications offered by the system in order to ensure that customers are paying on time. 
  
  Related Information: 
  The FS-CMS CMS also offers other components such as the collateral management component, which allows companies to manage their collateral and ensure that it is properly secured. Additionally, the system offers a reporting component which allows companies to generate reports on their receivables and other financial data.