What is correspondence control in SAP FS-PM - Policy Management?

SAP Term: correspondence control

• Component: FS-PM

• Component Name: Policy Management

• Description: Umbrella term incorporating the user's options to edit correspondence. The user can take manual control of the documents that are automatically scheduled for the business process, or add irregular documents.

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• Key Concepts: 
  Correspondence control is a feature of the SAP FS-PM Policy Management component that allows users to manage and track all correspondence related to a policy. It enables users to store, view, and track all correspondence related to a policy, such as emails, letters, and other documents. This feature also allows users to set up automated notifications for when correspondence is due or overdue. 
  
  How to use it: 
  To use correspondence control, users must first create a policy in the FS-PM Policy Management component. Once the policy is created, users can then add correspondence items to the policy. These items can include emails, letters, and other documents. Users can also set up automated notifications for when correspondence is due or overdue. 
  
  Tips & Tricks: 
  When setting up automated notifications for correspondence control, it is important to ensure that the notifications are sent out in a timely manner. This will help ensure that all correspondence is tracked and managed properly. Additionally, it is important to keep all correspondence items organized and up-to-date so that users can easily access them when needed. 
  
  Related Information: 
  For more information on how to use the correspondence control feature of the SAP FS-PM Policy Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature effectively.