What is main axis element in SAP FS-PM - Policy Management?

SAP Term: main axis element

• Component: FS-PM

• Component Name: Policy Management

• Description: Element of an insurance policy. Main axis elements are: Policies Contracts Coverage packages Coverages Subcoverages

Smart SAP Assistant

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  Key Concepts: 
  Main axis elements are the core components of the FS-PM Policy Management component in SAP. They are used to define the structure of a policy and to store the policy data. Main axis elements are organized into hierarchies, with each element having its own set of attributes and values. 
  
  How to use it: 
  Main axis elements can be used to create policies in SAP. To do this, users must first define the structure of the policy by creating a hierarchy of main axis elements. Once the structure is defined, users can then add attributes and values to each element in order to define the policy data. 
  
  Tips & Tricks: 
  When creating main axis elements, it is important to consider how they will be used in order to ensure that the policy data is organized in a logical way. Additionally, it is important to ensure that all attributes and values are properly defined in order to ensure that the policy data is accurate and up-to-date. 
  
  Related Information: 
  For more information on main axis elements and how they are used in SAP FS-PM Policy Management, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use main axis elements in SAP FS-PM Policy Management.