What is letter of invitation in SAP FS-PM - Policy Management?

SAP Term: letter of invitation

• Component: FS-PM

• Component Name: Policy Management

• Description: Correspondence that is sent to the policyholder proposing to renew a contract.

Smart SAP Assistant

• Key Concepts: 
  A Letter of Invitation is a document used in the FS-PM Policy Management component of SAP. It is used to invite customers to participate in a policy or program. The letter contains information about the policy or program, such as the terms and conditions, and any other relevant information. 
  
  How to use it: 
  The Letter of Invitation is created in the FS-PM Policy Management component of SAP. It can be sent to customers via email or printed and mailed. The customer can then accept or decline the invitation. If accepted, the customer will be enrolled in the policy or program. 
  
  Tips & Tricks: 
  When creating a Letter of Invitation, make sure to include all relevant information about the policy or program. This will ensure that customers have all the necessary information to make an informed decision about whether or not to participate. 
  
  Related Information: 
  For more information on using the FS-PM Policy Management component of SAP, please refer to the official SAP documentation.