What is maximum adjustment age in SAP FS-PM - Policy Management?

SAP Term: maximum adjustment age

• Component: FS-PM

• Component Name: Policy Management

• Description: The maximum age of the business partner of the insured object to which a coverage can be extended.

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• Key Concepts: 
  Maximum adjustment age is a feature of SAP FS-PM Policy Management that allows users to set a limit on the age of an adjustment. This limit is used to ensure that adjustments are made in a timely manner and that the data remains accurate. The maximum adjustment age can be set to any number of days, weeks, months, or years. 
  
  How to use it: 
  To set the maximum adjustment age, users must first access the FS-PM Policy Management module. Once in the module, they can select the “Adjustment Age” option from the menu. From there, they can enter the desired number of days, weeks, months, or years for the maximum adjustment age. Once this is done, all adjustments made after this date will be rejected. 
  
  Tips & Tricks: 
  It is important to note that setting a maximum adjustment age does not prevent users from making adjustments before this date. It simply ensures that any adjustments made after this date will be rejected. Additionally, it is important to remember that setting a maximum adjustment age does not guarantee accuracy of data; it simply serves as an additional safeguard against outdated information. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this module effectively.