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

SAP Term: change option

• Component: FS-PM

• Component Name: Policy Management

• Description: Is submitted to the policyholder so as to offer him/her several alternatives for accepting or converting the contract with changed conditions, or to continue with the current conditions.

Smart SAP Assistant

• Key Concepts: 
  Change Option is a feature in SAP FS-PM Policy Management that allows users to make changes to existing policies. It enables users to modify existing policies, add new policies, and delete existing policies. The Change Option also allows users to view the history of changes made to a policy. 
  
  How to use it: 
  To use the Change Option, users must first select the policy they wish to modify. Once the policy is selected, users can then make changes to the policy by adding, modifying, or deleting elements. After making the desired changes, users can save the policy and view the history of changes made. 
  
  Tips & Tricks: 
  When making changes to a policy using the Change Option, it is important to review all changes before saving them. This will ensure that all changes are accurate and that no mistakes have been made. Additionally, it is important to keep track of all changes made so that they can be easily reversed if necessary. 
  
  Related Information: 
  For more information on using the Change Option in SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.