What is applicant in SAP IM - Investment Management?

SAP Term: applicant

• Component: IM

• Component Name: Investment Management

• Description: The person who requested an appropriation request. An appropriation request can have several applicants in differing roles partner functions.

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• Key Concepts: 
  An applicant in SAP Investment Management (IM) is an individual or organization that has applied for a loan or other financial product. The applicant is the entity that is requesting the loan or other financial product from the lender. 
  
  How to use it: 
  In SAP IM, applicants are managed in the Applicant Management module. This module allows users to create and manage applicants, view their credit history, and track their loan applications. The module also allows users to set up automated notifications for when an applicant's application is approved or denied. 
  
  Tips & Tricks: 
  When creating an applicant in SAP IM, it is important to ensure that all of the necessary information is entered correctly. This includes the applicant's name, address, contact information, and any other relevant information. Additionally, it is important to ensure that all of the applicant's credit history is accurately entered into the system. 
  
  Related Information: 
  The Applicant Management module in SAP IM is closely related to the Loan Management module. The Loan Management module allows users to manage loans and track payments from applicants. Additionally, the Loan Management module can be used to generate reports on loan performance and repayment history.