What is renewal type in SAP FS-LMS - Liquidity Management Suite?

SAP Term: renewal type

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Indicates whether or not an end-of-day balance should be rolled over to the next business day.

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• Key Concepts: 
  Renewal Type is a feature of the FS-LMS Liquidity Management Suite that allows users to define the frequency of their liquidity management activities. It allows users to set up a schedule for their liquidity management activities, such as when to review and adjust their liquidity positions, when to execute transactions, and when to report on their liquidity positions. 
  
  How to use it: 
  To use the Renewal Type feature, users must first define the frequency of their liquidity management activities. This can be done by setting up a schedule for when to review and adjust their liquidity positions, when to execute transactions, and when to report on their liquidity positions. Once the schedule is set up, users can then select the appropriate Renewal Type from the drop-down menu in the FS-LMS Liquidity Management Suite. 
  
  Tips & Tricks: 
  It is important to remember that the Renewal Type feature only applies to liquidity management activities. It does not apply to other activities such as cash flow forecasting or risk management. Additionally, users should ensure that they select the appropriate Renewal Type for their specific needs in order to ensure that their liquidity management activities are properly scheduled and executed. 
  
  Related Information: 
  For more information about the Renewal Type feature of the FS-LMS Liquidity Management Suite, please refer to the official SAP documentation or contact your SAP representative.