What is positioning in SAP FS-PM - Policy Management?

SAP Term: positioning

• Component: FS-PM

• Component Name: Policy Management

• Description: Implicit update during irregular contract changes. Period-specific processing is limited to the effective date of the irregular contract change.

Smart SAP Assistant

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  Key Concepts: 
  Positioning in SAP FS-PM Policy Management is the process of assigning a policy to a customer or account. It is used to determine the customer's risk profile and the associated policy that should be applied. This process helps to ensure that customers are treated fairly and that their risk profile is accurately reflected in the policy applied. 
  
  How to use it: 
  In order to position a customer or account, the user must first select the appropriate policy from the list of available policies. Once the policy has been selected, the user must then enter the customer's or account's information into the system. This information includes the customer's name, address, contact information, and any other relevant data. Once this information has been entered, the user can then assign the policy to the customer or account. 
  
  Tips & Tricks: 
  When positioning a customer or account, it is important to ensure that all of the necessary information is entered accurately and completely. This will help to ensure that the correct policy is applied and that the customer's risk profile is accurately reflected in the policy applied. Additionally, it is important to review all of the policies available before making a selection in order to ensure that the most appropriate policy is chosen for each customer or account. 
  
  Related Information: 
  For more information on positioning in SAP