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

SAP Term: correspondence object

• Component: FS-PM

• Component Name: Policy Management

• Description: Amalgamation of entities that contain runtime information about correspondence to be created. A correspondence object is always linked to an application object.

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• Key Concepts: 
  Correspondence object is a feature of the SAP FS-PM Policy Management component. It is used to create and manage documents that are sent to customers, such as letters, emails, and SMS messages. The correspondence object stores the content of the document, as well as the recipient's contact information. It also allows for tracking of the document's status, such as when it was sent and when it was received.
  
  How to use it: 
  The correspondence object can be used to create documents that are sent to customers. To do this, the user must first create a template for the document. This template can include text, images, and other elements. Once the template is created, the user can then enter the recipient's contact information and any other relevant data. The document can then be sent out using the correspondence object.
  
  Tips & Tricks: 
  When creating a template for a document, it is important to make sure that all of the necessary information is included. This includes not only the content of the document but also any relevant data that needs to be included in order to ensure that the document is sent correctly. Additionally, it is important to make sure that all of the recipient's contact information is accurate in order to ensure that the document is delivered correctly.
  
  Related Information: 
  The correspondence object is part of SAP's FS-PM Policy Management component. This component also includes features such as policy management, customer segmentation, and customer analytics. Additionally, SAP offers a range of other products and services related to policy management and customer segmentation.