What is 'explicit amount transfer' in SAP FS-LMS - Liquidity Management Suite?

explicit amount transfer - Overview

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Used in scheduled balance transfer configuration to define the amount to be transferred.

explicit amount transfer - Details

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  Key Concepts: 
  Explicit amount transfer is a feature of the SAP FS-LMS Liquidity Management Suite. It allows users to transfer funds from one account to another in a single transaction. The amount of the transfer is specified explicitly, and the transfer is completed immediately. 
  
  How to use it: 
  To use explicit amount transfer, users must first log into the SAP FS-LMS Liquidity Management Suite. Once logged in, they can select the “Explicit Amount Transfer” option from the menu. This will open a form where users can enter the details of the transfer, including the source and destination accounts, as well as the amount to be transferred. Once all details are entered, users can submit the form to initiate the transfer. 
  
  Tips & Tricks: 
  When using explicit amount transfer, it is important to double-check all details before submitting the form. This will help ensure that funds are transferred correctly and without any errors. Additionally, users should be aware that explicit amount transfers are irreversible and cannot be cancelled once submitted. 
  
  Related Information: 
  Explicit amount transfers are just one of many features available in SAP FS-LMS Liquidity Management Suite. Other features include automated payments, account reconciliation, and liquidity forecasting. For more information about these features, please refer to the official SAP documentation.