What is overdraft protection in SAP FS-MCM-ODP - Overdraft Protection?

SAP Term: overdraft protection

• Component: FS-MCM-ODP

• Component Name: Overdraft Protection

• Description: Transfer of an amount from at least one funding account to a funded account if the available amount is not sufficient on the funded account to cover flagged debit postings. The overdraft protection is executed in a mass run, that can be executed during end-of-day processing, and is based on transfer rules defined in Customizing.

Smart SAP Assistant

• Key Concepts: 
  Overdraft protection is a component of the SAP Financial Services Management (FS-MCM) suite. It helps to protect a company’s financial position by preventing overdrafts from occurring. It does this by monitoring the company’s accounts and automatically transferring funds from other accounts to cover any overdrafts.
  
  How to use it: 
  To use the FS-MCM-ODP Overdraft Protection component, you must first set up the accounts that you want to monitor. You can then configure the component to transfer funds from other accounts when an overdraft is detected. You can also set up rules for when and how much money should be transferred.
  
  Tips & Tricks: 
  It is important to keep track of your accounts and make sure that there are enough funds available in other accounts to cover any potential overdrafts. Additionally, it is important to regularly review your overdraft protection settings to ensure that they are still appropriate for your business needs.
  
  Related Information: 
  For more information about the FS-MCM-ODP Overdraft Protection component, please refer to the SAP Help Portal or contact your SAP representative.