What is 'package product' in SAP FS-PM - Policy Management?

package product - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: Sales product that consists of products from multiple lines of business.

package product - Details

• 
  Key Concepts: 
  A package product is a type of SAP software that is composed of multiple components. In the case of FS-PM Policy Management, the package product includes components such as policy management, policy administration, and policy analytics. This package product is designed to help organizations manage their policies and procedures more efficiently. 
  How to Use It: 
  The FS-PM Policy Management package product can be used to create, manage, and analyze policies and procedures. It can also be used to track policy compliance and ensure that policies are up-to-date. Additionally, the package product can be used to generate reports on policy performance and identify areas for improvement. 
  
  Tips & Tricks: 
  When using the FS-PM Policy Management package product, it is important to ensure that all policies are kept up-to-date. Additionally, it is important to regularly review policies and procedures to ensure that they are still relevant and effective. Finally, it is important to use the analytics features of the package product to identify areas for improvement and track policy performance. 
  
  Related Information: 
  The FS-PM Policy Management package product is part of the SAP Business Suite family of products. Additionally, there are other SAP products that can be used in conjunction with FS-PM Policy Management, such as SAP BusinessObjects and SAP HANA.