What is representative type in SAP FS-PM - Policy Management?

SAP Term: representative type

• Component: FS-PM

• Component Name: Policy Management

• Description: A technical attribute that controls how the system handles representative categories. For instance, the representative type can determine that the system handles a supervisory guardian in exactly the same way as a guardian.

Smart SAP Assistant

• Key Concepts: 
  Representative type is a feature of the SAP FS-PM Policy Management component. It is used to define the type of representative that is associated with a policy. Representative types can be used to differentiate between different types of representatives, such as agents, brokers, and advisors.
  
  How to use it: 
  In order to use representative type, you must first create a policy in the FS-PM Policy Management component. Once the policy has been created, you can assign a representative type to it. This can be done by selecting the “Representative Type” field in the policy details page and selecting the appropriate type from the drop-down list. 
  
  Tips & Tricks: 
  When assigning a representative type to a policy, it is important to ensure that the correct type is selected. This will ensure that the policy is associated with the correct representative and that all relevant information is captured correctly. 
  
  Related Information: 
  For more information on representative types and how they are used in SAP FS-PM Policy Management, please refer to the official SAP documentation.