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

SAP Term: product package

• Component: FS-PM

• Component Name: Policy Management

• Description: A grouping of products. You define a product package in the product engine.

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• Key Concepts: 
  Product package is a term used in SAP software to refer to a collection of components that are bundled together to provide a complete solution for a specific business process. In the case of FS-PM Policy Management, the product package includes components such as policy management, risk management, and compliance management. 
  
  How to use it: 
  The product package can be used to manage policies and procedures across an organization. It allows users to create, edit, and delete policies and procedures, as well as track their progress. It also provides tools for risk management and compliance management, allowing users to identify potential risks and ensure that policies are being followed. 
  
  Tips & Tricks: 
  When using the product package, it is important to ensure that all policies and procedures are up-to-date and accurate. Additionally, it is important to regularly review the risk management and compliance management tools to ensure that any potential risks are identified and addressed. 
  
  Related Information: 
  For more information on FS-PM Policy Management, please visit the SAP website at https://www.sap.com/products/fs-pm-policy-management.html.