What is benefit confirmation in SAP FS-PM - Policy Management?

SAP Term: benefit confirmation

• Component: FS-PM

• Component Name: Policy Management

• Description: Benefit case that is created for checking an existing policy product that is already subject to benefits due to P&C/non-life.

Smart SAP Assistant

• Key Concepts: 
  Benefit Confirmation is a feature of the SAP FS-PM Policy Management component. It allows users to confirm the benefits they have received from a policy, such as a health insurance policy or a pension plan. The confirmation is stored in the system and can be used for reporting and analysis. 
  
  How to use it: 
  To use Benefit Confirmation, users must first create a policy in the system. Once the policy is created, users can then enter the details of the benefits they have received from the policy. This information is then stored in the system and can be used for reporting and analysis. 
  
  Tips & Tricks: 
  When entering benefit information, it is important to ensure that all details are accurate and up-to-date. This will ensure that reports and analysis are accurate and reliable. 
  
  Related Information: 
  Benefit Confirmation is part of the SAP FS-PM Policy Management component. Other features of this component include policy creation, policy management, and policy reporting.