What is external system in SAP (FS-LMS - Liquidity Management Suite)?

SAP Term: external system

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: A system that is external to the bank's infrastructure, such as SWIFT, EBA EURO1, or Fedwire.

Smart SAP Assistant

• Key Concepts: 
  External systems are external applications that are connected to the SAP system. The FS-LMS Liquidity Management Suite (LMS) is a component of the SAP Financial Services Network (FSN) that enables banks to manage their liquidity and cash flow. It provides a comprehensive set of tools for managing liquidity, including cash forecasting, liquidity planning, and risk management. 
  
  How to use it: 
  The FS-LMS Liquidity Management Suite can be used to manage liquidity and cash flow in a variety of ways. It provides tools for cash forecasting, liquidity planning, and risk management. It also provides a comprehensive set of reports and analytics to help banks better understand their liquidity position. 
  
  Tips & Tricks: 
  When using the FS-LMS Liquidity Management Suite, it is important to ensure that all data is up-to-date and accurate. This will help ensure that the reports and analytics provided by the system are accurate and reliable. Additionally, it is important to regularly review the system's settings and configurations to ensure that they are optimized for the bank's specific needs. 
  
  Related Information: 
  For more information about the FS-LMS Liquidity Management Suite, please visit the SAP website at https://www.sap.com/products/fs-lms.html. Additionally, there are a number of online resources available that provide detailed information about how to use the system, as well as tips and tricks for optimizing its performance.