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

SAP Term: settlement mode

• Component: FS-PM

• Component Name: Policy Management

• Description: The way in which reported value settlements are performed, which may be in dialog mode, as a background process, or not at all.

Smart SAP Assistant

• Key Concepts: 
  Settlement mode is a feature of the FS-PM Policy Management component of SAP. It is used to define the rules and conditions for how a policy should be settled. This includes the type of settlement, the amount to be settled, and the timing of the settlement. 
  
  How to use it: 
  Settlement mode can be used to define the rules and conditions for how a policy should be settled. This includes setting the type of settlement, such as cash or credit, the amount to be settled, and the timing of the settlement. The user can also specify additional conditions such as discounts or penalties that may apply. 
  
  Tips & Tricks: 
  When setting up a settlement mode, it is important to consider all possible scenarios that may arise. This includes any discounts or penalties that may apply, as well as any other conditions that may affect the settlement process. It is also important to ensure that all relevant information is included in the settlement mode so that it can be accurately applied when settling a policy. 
  
  Related Information: 
  For more information on setting up a settlement mode in SAP FS-PM Policy Management, please refer to SAP Help documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up a settlement mode in SAP FS-PM Policy Management.