What is product group in SAP FS-CML - Loans Management?

SAP Term: product group

• Component: FS-CML

• Component Name: Loans Management

• Description: A grouping of product types belonging to a particular product category or to different product categories. &EXAMPLE& The bank exercises its option to extend the subfacility to a product group of short-term mortgage loans.

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• Key Concepts: 
  Product group is a term used in SAP FS-CML Loans Management to refer to a collection of products that are related to each other. These products can be grouped together based on their characteristics, such as type, purpose, or other criteria. Product groups are used to simplify the management of loans and other financial products.
  
  How to use it: 
  Product groups can be created in SAP FS-CML Loans Management by selecting the “Create Product Group” option from the main menu. This will open a window where you can enter the details of the product group, such as its name, description, and any other relevant information. Once the product group is created, you can add products to it by selecting the “Add Products” option from the main menu.
  
  Tips & Tricks: 
  When creating product groups in SAP FS-CML Loans Management, it is important to ensure that all products within the group are related to each other in some way. This will make it easier to manage and track the products within the group. Additionally, it is important to ensure that all products within a product group have similar characteristics, such as type or purpose.
  
  Related Information: 
  For more information on product groups in SAP FS-CML Loans Management, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use product groups in SAP FS-CML Loans Management.