What is debt management in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: debt management

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: The Debt Management facility in the Federal Government solution is designed to satisfy the requirement, laid down in the US Federal code and other regulations, that agencies automatically charge interest, penalties, and administrative costs on delinquent receivables.

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• Key Concepts: 
  Debt management is a component of the SAP PSM-FG Functions for U.S. Federal Government. It is a set of tools that allow government agencies to manage their debt obligations, including tracking and monitoring debt payments, managing debt portfolios, and managing debt collection activities. 
  
  How to use it: 
  Debt management in SAP PSM-FG Functions for U.S. Federal Government can be used to track and monitor debt payments, manage debt portfolios, and manage debt collection activities. It also provides tools for analyzing debt data and creating reports. 
  
  Tips & Tricks: 
  When using the debt management component of SAP PSM-FG Functions for U.S. Federal Government, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the reports generated are accurate and reliable. Additionally, it is important to regularly review the reports generated to ensure that all debts are being managed properly. 
  
  Related Information: 
  The SAP PSM-FG Functions for U.S. Federal Government also includes other components such as budgeting, procurement, and financial reporting. These components can be used in conjunction with the debt management component to provide a comprehensive view of an agency’s financial situation.