What is free text in SAP FS-PM - Policy Management?

SAP Term: free text

• Component: FS-PM

• Component Name: Policy Management

• Description: For certain correspondence types, the user can enhance the contents of the document with a user-defined text, at a predefined point. The user can enter a text in a dialog step, and assign it to these placeholders. This transaction is known as free text entry.

Smart SAP Assistant

• Key Concepts: 
  Free text is a feature of the FS-PM Policy Management component of SAP software. It allows users to enter text into a field without any predefined format or structure. This allows for more flexibility and customization when entering data into the system.
  
  How to use it: 
  To use free text, users must first create a field in the FS-PM Policy Management component. Once the field is created, users can enter any text they wish into the field. The text can be as long or as short as desired and can include any characters or symbols.
  
  Tips & Tricks: 
  When using free text, it is important to remember that the text entered will not be validated by the system. Therefore, it is important to ensure that all data entered is accurate and up-to-date. Additionally, it is important to remember that free text fields are not searchable, so it is important to keep track of any information entered into these fields.
  
  Related Information: 
  The FS-PM Policy Management component also includes other features such as drop-down menus, checkboxes, and radio buttons which can be used in conjunction with free text fields for more complex data entry. Additionally, there are other components of SAP software which also include free text fields such as the FI-CA Contract Accounting component.