What is event-triggered fee calculation in SAP IS-HER-CM - Student Lifecycle Management?

SAP Term: event-triggered fee calculation

• Component: IS-HER-CM

• Component Name: Student Lifecycle Management

• Description: You can customize fee calculation so that the Campus Management system automatically triggers a fee calculation run when specific events occur. Events which could act as a trigger are: A change in student master data A change of program

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• Key Concepts: 
  Event-triggered fee calculation is a feature of the SAP IS-HER-CM Student Lifecycle Management component. It allows for the automatic calculation of fees based on specific events that occur in the student lifecycle. This includes events such as enrollment, course completion, and graduation. The fees are calculated based on the student's profile and the rules set up in the system.
  
  How to use it: 
  To use event-triggered fee calculation, administrators must first set up the rules for fee calculation in the system. This includes setting up the fees for each event, as well as any discounts or waivers that may apply. Once this is done, the system will automatically calculate the fees when an event occurs. The fees can then be reviewed and approved by administrators before they are charged to the student's account.
  
  Tips & Tricks: 
  When setting up event-triggered fee calculation, it is important to ensure that all of the rules are properly configured. This will ensure that the correct fees are calculated and charged to students. Additionally, administrators should review all fees before they are charged to ensure accuracy.
  
  Related Information: 
  For more information on event-triggered fee calculation, please refer to SAP's documentation on IS-HER-CM Student Lifecycle Management. Additionally, there are many online resources available that provide tips and tricks for setting up and using this feature.