What is index type in SAP FS-PM - Policy Management?

SAP Term: index type

• Component: FS-PM

• Component Name: Policy Management

• Description: The index to which the adjustment of an insurance is linked. Examples Consumer price index Construction costs index

Smart SAP Assistant

• Key Concepts: 
  Index type is a feature of the SAP FS-PM Policy Management component. It is used to define the type of index that will be used to store and retrieve policy data. Index types can be either numerical or textual, and they are used to determine how the data is stored and retrieved. 
  
  How to use it: 
  Index types are used to define the type of index that will be used to store and retrieve policy data. When creating a policy, the user must select an index type from the list of available options. The index type will determine how the data is stored and retrieved. 
  
  Tips & Tricks: 
  When selecting an index type, it is important to consider how the data will be used. Numerical indexes are best for storing and retrieving numerical data, while textual indexes are best for storing and retrieving textual data. 
  
  Related Information: 
  For more information on index types in SAP FS-PM Policy Management, please refer to the SAP Help documentation.