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

product currency - Overview

• Component: FS-PM

• Component Name: Policy Management

• Description: The currency in which the product was defined in the product engine.

product currency - Details

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  Key Concepts: 
  Product currency is a feature of the FS-PM Policy Management component of SAP. It allows users to define a currency for each product in the system, which is then used to calculate the value of the product when it is sold. This ensures that the value of the product is accurately reflected in the system. 
  
  How to use it: 
  To use product currency, users must first define a currency for each product in the system. This can be done by navigating to the FS-PM Policy Management component and selecting the “Product Currency” option. From there, users can select a currency for each product and save their changes. 
  
  Tips & Tricks: 
  When defining a currency for a product, it is important to make sure that the currency is consistent with other products in the system. This will ensure that all products are accurately reflected in the system and that calculations are accurate. 
  
  Related Information: 
  Product currency is just one of many features available in the FS-PM Policy Management component of SAP. Other features include policy management, pricing management, and contract management.