What is limit checker in SAP FS-LMS - Liquidity Management Suite?

SAP Term: limit checker

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Part of a program of LMS, that helps to determine whether a payment is eligible for release.

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• Key Concepts: 
  Limit Checker is a component of the FS-LMS Liquidity Management Suite (LMS) that helps organizations manage their liquidity risk. It provides a comprehensive view of the organization’s liquidity position and allows users to set limits on their exposure to risk. The Limit Checker also provides alerts when limits are exceeded, allowing organizations to take corrective action quickly. 
  
  How to use it: 
  The Limit Checker can be used to monitor and manage liquidity risk by setting limits on exposure to risk. It can be used to set limits on individual transactions, portfolios, or entire organizations. The Limit Checker also provides alerts when limits are exceeded, allowing organizations to take corrective action quickly. 
  
  Tips & Tricks: 
  When setting limits, it is important to consider the organization’s overall risk appetite and the potential impact of exceeding the limit. It is also important to ensure that the limit is set at an appropriate level for the organization’s risk profile. 
  
  Related Information: 
  The Limit Checker is part of the FS-LMS Liquidity Management Suite (LMS). The LMS provides a comprehensive view of an organization’s liquidity position and allows users to set limits on their exposure to risk. Other components of the LMS include Cash Flow Forecasting, Liquidity Risk Monitoring, and Stress Testing.