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

SAP Term: recovery

• Component: PSM-FM

• Component Name: Funds Management

• Description: A process based on the Payment Request function in . Recovery is used when a payment request and a payment to a vendor are incorrect, and the vendor returns a certain amount of the payment. Recovery reverses the whole or part of an invoice and posts the incoming payment in one work process.

Smart SAP Assistant

• Key Concepts: 
  Recovery in SAP Funds Management (PSM-FM) is the process of restoring a system to a previous state. This can be done by restoring a backup of the system or by using a recovery procedure. Recovery is used to restore data that has been lost due to an error or system failure.
  
  How to use it: 
  Recovery in SAP Funds Management (PSM-FM) can be done by restoring a backup of the system or by using a recovery procedure. To restore a backup, the user must first create a backup of the system and then use the recovery procedure to restore the data from the backup. To use the recovery procedure, the user must first identify the cause of the error or system failure and then follow the steps outlined in the recovery procedure.
  
  Tips & Tricks: 
  It is important to regularly back up your system in order to ensure that you can recover from any errors or system failures. Additionally, it is important to regularly test your recovery procedures to ensure that they are working correctly.
  
  Related Information: 
  For more information on recovery in SAP Funds Management (PSM-FM), please refer to SAP's official documentation on recovery procedures and best practices. Additionally, there are many online resources available that provide tutorials and tips on how to use recovery procedures in SAP Funds Management (PSM-FM).