What is alternative main due date in SAP FS-PM - Policy Management?

SAP Term: alternative main due date

• Component: FS-PM

• Component Name: Policy Management

• Description: Main due date for an insurance contract that is entered manually by the user and so overrides the contract end date calculated by the system.

Smart SAP Assistant

• Key Concepts: 
  Alternative Main Due Date is a feature of SAP FS-PM Policy Management that allows users to set a different due date for a policy than the one originally set. This feature is useful when the original due date is not suitable for the policy, or when the policy needs to be changed due to external factors. 
  
  How to use it: 
  To use the Alternative Main Due Date feature, users must first select the policy they wish to change. Then, they must select the “Change” option from the menu. This will open a window where users can enter the new due date for the policy. Once the new due date is entered, users must click “Save” to save their changes. 
  
  Tips & Tricks: 
  When setting an Alternative Main Due Date, it is important to consider any external factors that may affect the policy. For example, if a policy is due on a certain date but there is an event that will prevent it from being completed on time, it may be necessary to set an Alternative Main Due Date that takes this into account. 
  
  Related Information: 
  For more information about SAP FS-PM Policy Management and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this software.