What is Basis System in SAP FS-PM - Policy Management?

SAP Term: Basis System

• Component: FS-PM

• Component Name: Policy Management

• Description: The functionality that is applied in at least two lines of business.

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• Key Concepts: 
  FS-PM Policy Management is a component of the SAP Basis System. It is a set of tools and services that enable the management of policies and procedures within an organization. It provides a comprehensive set of features to help organizations manage their policies and procedures in an efficient and effective manner.
  
  How to use it: 
  The FS-PM Policy Management component can be used to create, manage, and monitor policies and procedures within an organization. It provides a comprehensive set of features to help organizations manage their policies and procedures in an efficient and effective manner. It also provides tools for tracking policy changes, managing policy versions, and creating reports on policy compliance.
  
  Tips & Tricks: 
  When using the FS-PM Policy Management component, it is important to ensure that all policies are up-to-date and compliant with applicable laws and regulations. Additionally, it is important to ensure that all users have access to the latest version of the policy documents.
  
  Related Information: 
  The FS-PM Policy Management component is part of the SAP Basis System, which is a comprehensive suite of software solutions designed to help organizations manage their business processes. Other components of the SAP Basis System include SAP ERP, SAP HANA, SAP BusinessObjects, SAP Business Warehouse, and SAP Business One.