What is validation process in SAP FS-LMS - Liquidity Management Suite?

SAP Term: validation process

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: Program of LMS which determines whether a payment is eligible for release. Before a payment can be released, the release manager asks the validation process whether the payment meets the validation criteria. If the validation process determines that the payment meets the validation criteria, it informs the release manager.

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• Key Concepts: 
  Validation process is a feature of the FS-LMS Liquidity Management Suite (LMS) that allows users to check the accuracy of their data before it is submitted. It ensures that all data entered into the system is valid and meets the requirements of the system. The validation process also helps to identify any errors or inconsistencies in the data before it is submitted. 
  
  How to use it: 
  The validation process can be used by users to check the accuracy of their data before submitting it to the system. To use the validation process, users must first select the data they wish to validate and then click on the “Validate” button. The system will then check the data for any errors or inconsistencies and provide feedback on any issues that need to be addressed. 
  
  Tips & Tricks: 
  When using the validation process, it is important to ensure that all data entered into the system is accurate and up-to-date. This will help to ensure that any errors or inconsistencies are identified and addressed before submitting the data. Additionally, users should also take advantage of any additional features offered by LMS such as automated validation checks which can help to further reduce errors and improve accuracy. 
  
  Related Information: 
  For more information on how to use the validation process in FS-LMS Liquidity Management Suite, please refer to the official documentation provided by SAP. Additionally, there are also a number of online resources available which provide detailed tutorials and tips on how to use this feature effectively.