What is season license plate in SAP FS-PM - Policy Management?

SAP Term: season license plate

• Component: FS-PM

• Component Name: Policy Management

• Description: For vehicles that are only used in a particular season such as cabriolets or motorcycles, you can conclude an insurance policy with a season license plate. The duration of the season must be noted on the insurance card. The start is always the first day of the calendar month, and the end is always the last day of the calendar month. The license plate also informs you about the duration of the season such as 04-10. Premium calculation normally takes place using the number of months.

Smart SAP Assistant

• Key Concepts: 
  A season license plate is a feature of the SAP FS-PM Policy Management component. It allows users to create and manage license plates for seasonal products, such as those used in the retail industry. The license plate is a unique identifier that can be used to track and manage the product throughout its lifecycle. 
  
  How to use it: 
  To use the season license plate feature, users must first create a license plate template. This template will define the structure of the license plate, such as the number of characters and the type of characters used. Once the template is created, users can then create individual license plates for each product. The license plates can then be used to track and manage the product throughout its lifecycle. 
  
  Tips & Tricks: 
  When creating a season license plate template, it is important to consider how many characters are needed and what type of characters should be used. For example, if the product is seasonal, it may be beneficial to include a date or year in the license plate. This will help ensure that each product can be easily identified and tracked. 
  
  Related Information: 
  The season license plate feature is part of the SAP FS-PM Policy Management component. Other features of this component include policy management, policy enforcement, and policy analytics. For more information on these features, please refer to the SAP FS-PM Policy Management documentation.