What is settlement cycle in SAP FS-PM - Policy Management?

SAP Term: settlement cycle

• Component: FS-PM

• Component Name: Policy Management

• Description: Frequency of the reported value settlement otherwise yearly for those products that are subject to mid-year settlements, particularly in the transport insurance business.

Smart SAP Assistant

• Key Concepts: 
  Settlement cycle is a feature of the FS-PM Policy Management component of SAP. It is used to automate the process of settling claims and payments. It allows for the automatic calculation of payments, the generation of payment documents, and the posting of payments to accounts. 
  
  How to use it: 
  The settlement cycle can be used to automate the process of settling claims and payments. It can be configured to calculate payments automatically, generate payment documents, and post payments to accounts. The settlement cycle can also be used to track the status of claims and payments, as well as to generate reports on the status of claims and payments. 
  
  Tips & Tricks: 
  When using the settlement cycle, it is important to ensure that all relevant information is entered correctly. This includes information such as the claim amount, payment date, and payment method. Additionally, it is important to ensure that all payment documents are generated correctly and that all payments are posted correctly. 
  
  Related Information: 
  For more information on the settlement cycle in SAP FS-PM Policy Management, please refer to the SAP Help documentation. Additionally, there are a number of online resources available that provide detailed information on how to use the settlement cycle in SAP FS-PM Policy Management.