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

SAP Term: progression

• Component: FS-PM

• Component Name: Policy Management

• Description: Accident insurance: Agreement on a progression of 225%, 350% or 500 %, for example, allows the focus of insurance to be laid on a higher degree of disability. This means that a disproportionately large benefit can be paid for higher degrees of disability. In case of total disability, this can mean a benefit of up to five times the agreed base total.

Smart SAP Assistant

• Key Concepts: 
  Progression is a feature of the SAP FS-PM Policy Management component that allows users to create and manage a series of steps or stages that must be completed in order to reach a desired outcome. It is used to define the sequence of activities that must be completed in order to achieve a certain goal. 
  
  How to use it: 
  Progression can be used to define the steps required for a policy or process, such as the steps required for an insurance claim or loan application. It can also be used to define the steps required for a project, such as the steps required for a software development project. The progression feature allows users to define the sequence of activities that must be completed in order to reach a desired outcome. 
  
  Tips & Tricks: 
  When creating a progression, it is important to consider the order in which activities should be completed. It is also important to consider how long each activity should take and how much time should be allocated for each activity. Additionally, it is important to consider any dependencies between activities and how they should be handled. 
  
  Related Information: 
  For more information on using the Progression feature of SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on using this feature.