What is change application in SAP FS-PM - Policy Management?

SAP Term: change application

• Component: FS-PM

• Component Name: Policy Management

• Description: The business partner's request for a change to the policy data. It can only be executed for existing contracts. Change applications can be triggered externally by the customer Change Beneficiary, or can be triggered internally by the insurer Adjustment. It is not possible to amend the Contract business object without a released change application.

Smart SAP Assistant

• Key Concepts: 
  Change application is a feature of the FS-PM Policy Management component of SAP. It allows users to create, modify, and delete policies and rules within the system. It also provides a way to track changes made to policies and rules over time. 
  
  How to use it: 
  To use the change application feature, users must first log into the SAP system. Once logged in, they can access the FS-PM Policy Management component and select the “Change Application” option. This will open up a window where users can create, modify, or delete policies and rules. They can also view a history of changes made to policies and rules over time. 
  
  Tips & Tricks: 
  When creating or modifying policies and rules, it is important to keep track of all changes made. This can be done by taking screenshots or notes of each step taken in the change application process. This will help ensure that all changes are properly documented and tracked. 
  
  Related Information: 
  For more information on the change application feature of FS-PM Policy Management, please refer to the SAP Help Portal or contact your local SAP support team.