What is related contract in SAP FS-PM - Policy Management?

SAP Term: related contract

• Component: FS-PM

• Component Name: Policy Management

• Description: A contract that has a technical relationship to the current contract and which existed before the current one, for example, double, additional, or previous insurance.

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• Key Concepts: 
  Related Contract is a feature in the FS-PM Policy Management component of SAP that allows users to link multiple contracts together. This feature allows users to easily manage and track related contracts, such as those related to a specific customer or project. It also allows users to quickly access all related contracts from one central location.
  
  How to use it: 
  To use the Related Contract feature, users must first create a contract in the FS-PM Policy Management component. Once the contract is created, users can then link it to other related contracts by selecting the “Related Contract” option from the menu. From there, users can select the contracts they wish to link and save their changes.
  
  Tips & Tricks: 
  When linking multiple contracts together, it is important to ensure that all of the contracts are related in some way. This will help ensure that all of the related contracts are easily accessible from one central location. Additionally, it is important to keep track of which contracts are linked together so that any changes made to one contract will be reflected in all of the linked contracts.
  
  Related Information: 
  For more information on the Related Contract feature in FS-PM Policy Management, please refer to SAP’s official documentation here: https://help.sap.com/viewer/product/FS-PM_POLICY_MANAGEMENT/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html