How To Fix FVD_PL054 - Company code &1, product type &2: No default values assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_PL - Messages related to enhanced policy management integration

• Message number: 054

• Message text: Company code &1, product type &2: No default values assigned

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_PL054 - Company code &1, product type &2: No default values assigned ?

  The SAP error message FVD_PL054 indicates that there are no default values assigned for a specific company code and product type in the context of the Financial Services module, particularly in the area of product management or financial transactions.
  Cause:
  This error typically arises when:
  
  Missing Configuration: The system is unable to find default values for the specified company code and product type. This could be due to incomplete configuration in the system.
  Data Entry Issues: The user may not have entered all the necessary data or may have selected an invalid combination of company code and product type.
  Master Data Issues: The relevant master data for the product type or company code may not be set up correctly.
  
  Solution:
  To resolve the FVD_PL054 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the Financial Services module and ensure that default values are set for the specified company code and product type.
  Navigate to the relevant configuration path in SPRO (SAP Project Reference Object) and verify that all necessary settings are in place.
  
  
  
  Review Master Data:
  
  Ensure that the master data for the product type and company code is correctly maintained. This includes checking for any missing or incorrect entries.
  If applicable, create or update the necessary master data records.
  
  
  
  Data Entry Validation:
  
  Double-check the data entry for the transaction that triggered the error. Ensure that all required fields are filled out correctly and that the selected company code and product type are valid.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files related to the Financial Services module for additional guidance on setting up default values.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (for configuration) or SE11 (for data dictionary) to check the relevant settings.
  SAP Notes: Look for any SAP Notes related to this error message for additional troubleshooting steps or patches that may address the issue.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify the relevant configuration settings.
  
  By following these steps, you should be able to identify and resolve the cause of the FVD_PL054 error in your SAP system.