What is original policy in SAP FS-PM - Policy Management?

SAP Term: original policy

• Component: FS-PM

• Component Name: Policy Management

• Description: Policy in coinsurance that maps the direct policy relationship to the policyholder. Policies that are managed by coinsurers are called share policies.

Smart SAP Assistant

• Key Concepts: 
  Original policy is a term used in SAP FS-PM Policy Management. It refers to the policy that was initially created and stored in the system. This policy is used as the basis for all subsequent versions of the policy. 
  
  How to use it: 
  Original policy is used to create new versions of a policy. When a new version of a policy is created, the original policy is used as the starting point. All changes made to the original policy are then saved as a new version. 
  
  Tips & Tricks: 
  When creating a new version of a policy, it is important to remember that all changes made to the original policy will be saved as part of the new version. Therefore, it is important to review all changes before saving them. 
  
  Related Information: 
  SAP FS-PM Policy Management provides users with an easy-to-use interface for creating and managing policies. It also provides users with tools for tracking changes made to policies over time.