What is 'benefit value' in SAP FS-PM - Policy Management?

benefit value - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: Cash benefits calculated in benefit processing for the effective date, on the basis of a defined obligation to pay compensation.

benefit value - Details

• 
  Key Concepts: 
  Benefit value is a term used in SAP FS-PM Policy Management. It is a numerical value assigned to a policy that represents the expected benefit of the policy. This value is used to calculate the total benefit of a policy portfolio. 
  
  How to use it: 
  Benefit values are assigned to policies when they are created. The benefit value can be adjusted over time as the policy evolves. The total benefit of a policy portfolio is calculated by summing up the benefit values of all policies in the portfolio. 
  
  Tips & Tricks: 
  When assigning benefit values to policies, it is important to consider the expected return on investment for each policy. This will help ensure that the total benefit of the policy portfolio accurately reflects the expected return on investment. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/FS-PM/latest/en-US.