What is cross-LoB policy in SAP FS-PM - Policy Management?

SAP Term: cross-LoB policy

• Component: FS-PM

• Component Name: Policy Management

• Description: A policy that contains contracts from different lines of business.

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• Key Concepts: 
  Cross-LoB policy is a feature of the SAP FS-PM Policy Management component that allows users to create and manage policies across multiple lines of business (LoBs). This feature enables users to create a single policy that applies to multiple LoBs, making it easier to manage and enforce policies across the organization. 
  
  How to use it: 
  To use the cross-LoB policy feature, users must first create a policy in the FS-PM Policy Management component. Once the policy is created, users can then assign it to multiple LoBs. This allows users to easily manage and enforce policies across the organization. 
  
  Tips & Tricks: 
  When creating a cross-LoB policy, it is important to ensure that the policy is applicable to all LoBs that it is assigned to. Additionally, it is important to ensure that the policy is up-to-date and relevant for all LoBs. 
  
  Related Information: 
  For more information on the FS-PM Policy Management component and its features, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide detailed information on how to use this component.