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

SAP Term: correspondence management

• Component: FS-PM

• Component Name: Policy Management

• Description: Component used to schedule, control, release and archive documents.

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• Key Concepts: 
  Correspondence management is a component of the SAP FS-PM Policy Management module. It enables users to create, store, and manage documents related to policy management. This includes letters, emails, and other documents that are used to communicate with customers and other stakeholders. 
  
  How to use it: 
  Correspondence management can be used to create and store documents related to policy management. Documents can be created from templates or manually entered into the system. Documents can also be edited and updated as needed. Once created, documents can be stored in the system for easy access and retrieval. 
  
  Tips & Tricks: 
  When creating documents, it is important to ensure that all relevant information is included. This includes customer information, policy details, and any other relevant information that may be needed for communication purposes. Additionally, it is important to ensure that all documents are stored securely in the system for easy access and retrieval. 
  
  Related Information: 
  The SAP FS-PM Policy Management module also includes other components such as policy administration, claims management, and reinsurance management. These components can be used in conjunction with correspondence management to provide a comprehensive policy management solution.