What is Default Risk and Limit System in SAP IS-B-RA-CL - Default Risk and Limit System?

SAP Term: Default Risk and Limit System

• Component: IS-B-RA-CL

• Component Name: Default Risk and Limit System

• Description: Used to measure, analyze and control default risk.

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• Key Concepts: 
  The Default Risk and Limit System (IS-B-RA-CL) is a component of the SAP Business Suite that helps companies manage their credit risk. It enables companies to set up and maintain credit limits for customers, vendors, and other business partners. The system also provides an automated process for monitoring and managing credit risk, including the ability to set up alerts when a customer or vendor exceeds their credit limit. 
  
  How to use it: 
  The Default Risk and Limit System can be used to set up and maintain credit limits for customers, vendors, and other business partners. It also provides an automated process for monitoring and managing credit risk. This includes the ability to set up alerts when a customer or vendor exceeds their credit limit. Additionally, the system can be used to generate reports on customer or vendor credit risk. 
  
  Tips & Tricks: 
  When setting up credit limits in the Default Risk and Limit System, it is important to consider the customer’s payment history and financial situation. Additionally, it is important to review the customer’s credit report before setting a limit. This will help ensure that the limit is appropriate for the customer’s financial situation. 
  
  Related Information: 
  The Default Risk and Limit System is part of the SAP Business Suite, which also includes components such as SAP ERP, SAP CRM, SAP SRM, SAP SCM, and SAP PLM. Additionally, the system is integrated with other components of the suite such as SAP FI/CO (Financial Accounting/Controlling) and SAP SD (Sales & Distribution).