What is 'individual valuable' in SAP CRM-IFS - Financial Services?

individual valuable - Overview

• Component: CRM-IFS

• Component Name: Financial Services

• Description: Standalone object that has a monetary value especially for use or exchange. You can typically find these objects in an object management system, independent of collateralization or mortgage processes.

individual valuable - Details

• 
  Key Concepts: 
  Individual Valuable Component (IVC) is a feature of the SAP CRM-IFS Financial Services module. It enables customers to manage their individual valuable items, such as jewelry, watches, and other items of value. The IVC feature allows customers to track the value of their items over time, as well as to store information about the item, such as its serial number and purchase date. 
  How to Use It: 
  To use the IVC feature, customers must first create an account in the SAP CRM-IFS Financial Services module. Once they have done so, they can then add their individual valuable items to their account. They can then enter information about each item, such as its serial number and purchase date. The IVC feature also allows customers to track the value of their items over time. 
  
  Tips & Tricks: 
  It is important to keep accurate records of your individual valuable items in order to ensure that you are able to track their value over time. Additionally, it is important to keep your account information up-to-date in order to ensure that you are able to access your account and view your individual valuable items at any time. 
  
  Related Information: 
  For more information about the Individual Valuable Component feature of the SAP CRM-IFS Financial Services module, please visit the SAP website at https://www.sap.com/products/crm-ifs-financial-services.html.