What is package discount in SAP FS-PM - Policy Management?

SAP Term: package discount

• Component: FS-PM

• Component Name: Policy Management

• Description: A discount that is granted when a customer signs a number of contracts or coverages in a policy.

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• Key Concepts: 
  Package discount is a feature of the FS-PM Policy Management component of SAP. It allows customers to purchase multiple products or services at a discounted rate when they are purchased together as a package. This type of discount is often used to encourage customers to purchase more than one item at a time, or to reward customers for their loyalty. 
  
  How to use it: 
  In order to use package discounts, the customer must first select the items they wish to purchase as part of the package. Once the items have been selected, the customer can then enter the package discount code in order to receive the discounted rate. The discount code can be found on promotional materials or in emails sent by the company offering the package discount. 
  
  Tips & Tricks: 
  It is important to note that package discounts are only available for certain products and services, and that not all products and services are eligible for package discounts. Additionally, it is important to check the terms and conditions of the package discount before using it, as some discounts may have restrictions or expiration dates. 
  
  Related Information: 
  For more information about package discounts and how they work, please refer to SAP's official documentation on FS-PM Policy Management. Additionally, you can contact your local SAP representative for more information about how to use package discounts in your business.