Recording Recoveries
A recovery is a sum, which in certain circumstances can reduce the amount of losses linked to an incident. It enables recovery of a proportion of the amounts involved in the incident.It is useful to differentiate between recoveries from insurance and those from other areas such as litigation, third-parties, etc.
To enter a recovery:
1. Access Financial Analysis of the incident.
For more details, see Accessing Incident Financial Analysis.2. Expand the Losses, Gains, Recoveries and Provisions section.
3. Select the Recoveries tab and click the New button.
The new recovery appears in the list.
4. To specify information specific to a recovery, proceed in the same way as for a gain.
For more details, see Entering Gains.