What is contract restructuring in SAP FS-PM - Policy Management?

SAP Term: contract restructuring

• Component: FS-PM

• Component Name: Policy Management

• Description: Technical change made to an insurance contract in the policy management system at the effective date.

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• Key Concepts: 
  Contract restructuring is a feature of the SAP FS-PM Policy Management component that allows users to modify existing contracts. This includes changing the terms and conditions, adding or removing services, and adjusting the pricing. It also allows users to create new contracts from existing ones. 
  
  How to use it: 
  To use contract restructuring, users must first access the FS-PM Policy Management component in SAP. From there, they can select the contract they wish to restructure and make the necessary changes. Once all changes have been made, users can save the new contract and it will be ready for use. 
  
  Tips & Tricks: 
  When restructuring a contract, it is important to double-check 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 referenced in the future. 
  
  Related Information: 
  For more information on contract restructuring in SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.