What is 'manual underwriting' in SAP FS-QUO - SAP Quotation Management?

manual underwriting - Overview

• Component: FS-QUO

• Component Name: SAP Quotation Management

• Description: A process in which the underwriter manually checks the application, evaluates risks, and makes a decision.

manual underwriting - Details

• 
  Key Concepts: 
  Manual underwriting is a process used in SAP Quotation Management (FS-QUO) to assess the risk of a customer’s creditworthiness. It involves manually evaluating the customer’s financial information, such as their credit score, income, and other financial data. The goal of manual underwriting is to determine whether the customer is likely to be able to pay back the loan or other financial product they are applying for. 
  
  How to use it: 
  In SAP Quotation Management (FS-QUO), manual underwriting is used to assess the risk of a customer’s creditworthiness. To do this, the user must manually evaluate the customer’s financial information, such as their credit score, income, and other financial data. The user must then make a decision based on this information as to whether or not the customer is likely to be able to pay back the loan or other financial product they are applying for. 
  
  Tips & Tricks: 
  When manually underwriting a customer in SAP Quotation Management (FS-QUO), it is important to consider all available information about the customer. This includes their credit score, income, and other financial data. It is also important to consider any additional information that may be relevant, such as their employment history or any past bankruptcies. 
  
  Related Information: 
  For more information on manual underwriting in SAP Quotation Management (FS-QUO), please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_QUOTATION_MANAGEMENT/FS-QUO/en-US