What is reference partner in SAP FS-PM - Policy Management?

SAP Term: reference partner

• Component: FS-PM

• Component Name: Policy Management

• Description: Leading insurance company, with which the agreement for coinsurance has been made. This is only relevant for the Participation and Participation PT coinsurance types.

Smart SAP Assistant

• Key Concepts: 
  A reference partner is a partner in the SAP FS-PM Policy Management component that is used to store and manage policy information. It is a type of partner that is used to store and manage policy information, such as customer data, product information, and pricing. 
  
  How to use it: 
  Reference partners can be used to store and manage policy information in the SAP FS-PM Policy Management component. This includes customer data, product information, and pricing. The reference partner can be used to create policies, assign them to customers, and track their progress. 
  
  Tips & Tricks: 
  When creating a reference partner in the SAP FS-PM Policy Management component, it is important to ensure that all of the necessary information is included. This includes customer data, product information, and pricing. Additionally, it is important to ensure that the reference partner is properly configured so that it can be used for policy management. 
  
  Related Information: 
  For more information on reference partners in the SAP FS-PM Policy Management component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use reference partners in the SAP FS-PM Policy Management component.