What is future-dated irregular processing in SAP FS-PM - Policy Management?

SAP Term: future-dated irregular processing

• Component: FS-PM

• Component Name: Policy Management

• Description: In the background, future-dated irregular processing creates a policy status with event-related validity for a specific effective date, without interaction with the user. The effective date comes from an external date file and has already been externally defined outside the time model.

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• Key Concepts: 
  Future-dated irregular processing is a feature of the SAP FS-PM Policy Management component that allows users to create and manage policies that are not regularly scheduled. This feature allows users to create policies that are triggered by specific events or conditions, such as a customer’s payment date or a policy expiration date. 
  
  How to use it: 
  To use future-dated irregular processing, users must first create a policy in the FS-PM Policy Management component. Once the policy is created, users can set the conditions for when the policy should be triggered. For example, if a customer’s payment date is approaching, the user can set the policy to be triggered on that date. 
  
  Tips & Tricks: 
  When creating policies with future-dated irregular processing, it is important to ensure that all conditions are properly set and that all relevant data is included in the policy. This will help ensure that the policy is triggered at the correct time and with the correct information. 
  
  Related Information: 
  For more information on future-dated irregular processing in SAP FS-PM Policy Management, please refer to the SAP Help Portal or contact your local SAP representative.