What is criterion in SAP PSM-FM - Funds Management?

SAP Term: criterion

• Component: PSM-FM

• Component Name: Funds Management

• Description: Part of the key for a commitment item

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• Key Concepts: 
  Criterion is a term used in SAP Funds Management (PSM-FM) to refer to a set of conditions that must be met in order for a transaction to be approved. Criteria can be based on a variety of factors, such as budget availability, cost center assignment, and other financial parameters. 
  
  How to use it: 
  In SAP Funds Management, criteria are used to define the conditions that must be met in order for a transaction to be approved. Criteria can be set up in the system by an administrator and can be applied to individual transactions or to entire groups of transactions. When a transaction is submitted, the system will check to see if it meets the criteria set up by the administrator. If it does, the transaction will be approved; if not, it will be rejected. 
  
  Tips & Tricks: 
  When setting up criteria in SAP Funds Management, it is important to ensure that they are comprehensive enough to cover all possible scenarios. It is also important to ensure that the criteria are not too restrictive, as this could lead to transactions being rejected unnecessarily. 
  
  Related Information: 
  For more information on setting up criteria in SAP Funds Management, please refer to the official SAP documentation.