What is process-dependent condition in SAP FS-PM - Policy Management?

SAP Term: process-dependent condition

• Component: FS-PM

• Component Name: Policy Management

• Description: An agreement defining how the policyholder is involved in the insurance-related success of his or her policy. Parameters are set for various patterns using specific attributes and algorithms when the various categories for process-dependent conditions are defined. Examples: Profit sharing Claim-dependent discount

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• Key Concepts: 
  Process-dependent condition is a feature of the FS-PM Policy Management component of SAP. It allows users to define conditions that are dependent on the process being used. This means that the conditions can be tailored to the specific process, allowing for more precise control over the policy management process. 
  
  How to use it: 
  To use process-dependent conditions, users must first define the conditions they want to use. This can be done by selecting the appropriate fields and values from the FS-PM Policy Management component. Once the conditions have been defined, they can be applied to the policy management process. The conditions will then be evaluated during the policy management process and will determine whether or not a policy is approved or rejected. 
  
  Tips & Tricks: 
  When defining process-dependent conditions, it is important to ensure that they are as specific as possible. This will help ensure that only policies that meet the criteria are approved or rejected. Additionally, it is important to keep in mind that process-dependent conditions can be changed at any time, so it is important to review them regularly to ensure they are still relevant. 
  
  Related Information: 
  For more information on process-dependent conditions in FS-PM Policy Management, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide further information and tips on how to use this feature effectively.