What is settlement in SAP IS-TMA-ITC - SAP Intelligent Trade Claims Management?

SAP Term: settlement

• Component: IS-TMA-ITC

• Component Name: SAP Intelligent Trade Claims Management

• Description: A document that is created after a claim has been approved. The settlement clears any open items and reverses the accrual.

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  Key Concepts:
  Settlement is a process in SAP Intelligent Trade Claims Management (IS-TMA-ITC) that allows companies to manage and resolve trade claims. It is used to track and manage the resolution of claims, including the payment of claims, and to ensure that all parties involved in the claim are kept informed. 
  
  How to use it:
  Settlement is used to track and manage the resolution of trade claims. It allows companies to track the progress of a claim, including the payment of claims, and to ensure that all parties involved in the claim are kept informed. The settlement process also allows companies to set up payment plans for claimants, as well as to track any additional costs associated with the claim. 
  
  Tips & Tricks:
  When using settlement in SAP Intelligent Trade Claims Management, it is important to ensure that all parties involved in the claim are kept informed. This includes notifying claimants of any changes in the status of their claim, as well as any additional costs associated with the claim. Additionally, it is important to ensure that all payments are made on time and that any payment plans are followed. 
  
  Related Information:
  Settlement is part of SAP Intelligent Trade Claims Management (IS-TMA-ITC). Other features of this software include dispute resolution, dispute tracking, and dispute management. Additionally, SAP Intelligent Trade Claims Management can be used to manage customer service inquiries