What is 'derived values' in SAP FS-PM - Policy Management?

derived values - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: Values that are generated, enhanced or calculated on the basis of available data or references from operational systems.

derived values - Details

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  Key Concepts: 
  Derived values are values that are calculated automatically by the SAP FS-PM Policy Management system. These values are based on the data entered into the system and can be used to make decisions or to provide additional information. 
  
  How to use it: 
  Derived values can be used in a variety of ways. For example, they can be used to calculate the total cost of a policy, or to determine the amount of coverage that is needed for a particular policy. They can also be used to compare different policies and determine which one is the most cost-effective. 
  
  Tips & Tricks: 
  When using derived values, it is important to ensure that the data entered into the system is accurate and up-to-date. This will ensure that the derived values are accurate and reliable. Additionally, it is important to understand how the derived values are calculated so that they can be used effectively. 
  
  Related Information: 
  For more information about derived values and how they are used in SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide additional information about this topic.