What is duplicate policy in SAP FS-PM - Policy Management?

SAP Term: duplicate policy

• Component: FS-PM

• Component Name: Policy Management

• Description: Replacement for a policy. You have to differentiate here between the last version and the replacement policy, if no amendments had been executed after policy issue. Last version policies are created if amendments have already been made after policy issue.

Smart SAP Assistant

• Key Concepts: 
  Duplicate policy is a feature of SAP FS-PM Policy Management that helps to identify and prevent the creation of duplicate policies. It works by comparing the policy data entered by the user with existing policies in the system and alerting the user if a duplicate policy is detected. 
  
  How to use it: 
  To use the duplicate policy feature, the user must first enable it in the system settings. Once enabled, the system will automatically compare any new policy data entered by the user with existing policies in the system and alert the user if a duplicate policy is detected. The user can then decide whether to proceed with creating the new policy or not. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant fields are filled out correctly when creating a new policy, as this will help to ensure that any potential duplicates are identified accurately. Additionally, it is recommended to review any potential duplicates before proceeding with creating a new policy, as this will help to avoid any unnecessary duplication of policies. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this software.