What is communication medium in SAP FS-LMS - Liquidity Management Suite?

SAP Term: communication medium

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Medium support through which two parties interact or communicate concerning transactions, for example SWIFT and TELEX.

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• Key Concepts: 
  Communication medium is a term used in the SAP FS-LMS Liquidity Management Suite. It refers to the various ways in which information can be exchanged between different systems and users. This includes both physical and digital methods, such as emails, text messages, phone calls, and web-based applications. 
  
  How to use it: 
  The communication medium is used to facilitate the exchange of data between different systems and users. This includes both internal and external communication. For example, a company may use emails to communicate with its customers, while using text messages to communicate with its employees. Additionally, web-based applications can be used to share information between different departments or teams. 
  
  Tips & Tricks: 
  When using communication mediums, it is important to ensure that the data being exchanged is secure and confidential. Additionally, it is important to ensure that the data is accurate and up-to-date. This can be done by regularly checking for updates or changes in the data being exchanged. 
  
  Related Information: 
  The communication medium is an important part of the SAP FS-LMS Liquidity Management Suite. It allows for efficient and secure data exchange between different systems and users. Additionally, it can help to ensure that the data being exchanged is accurate and up-to-date.