What is simulation in SAP FS-PM - Policy Management?

SAP Term: simulation

• Component: FS-PM

• Component Name: Policy Management

• Description: Calculation of possible insurance-specific values or statuses for purposes of customer inquiry. The values determined in a simulation are not released.

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• Key Concepts: 
  Simulation in FS-PM Policy Management is a tool that allows users to test the effects of changes to their policy settings before they are implemented. It allows users to see how their policy settings will affect the system and make adjustments accordingly. This helps to ensure that the policy settings are optimized for the desired outcome. 
  
  How to use it: 
  To use the simulation feature in FS-PM Policy Management, users must first select the policy settings they wish to test. Once the settings have been selected, users can then run a simulation to see how the changes will affect the system. The results of the simulation will be displayed in a graphical format, allowing users to easily identify any potential issues or areas of improvement. 
  
  Tips & Tricks: 
  When running simulations in FS-PM Policy Management, it is important to remember that the results are only as accurate as the data used in the simulation. Therefore, it is important to ensure that all relevant data is included in the simulation before running it. Additionally, it is also important to remember that simulations can take some time to complete, so it is best to plan ahead and allow enough time for the simulation to run. 
  
  Related Information: 
  For more information on using simulations in FS-PM Policy Management, please refer to SAP's official documentation on the topic. Additionally, there are also several online tutorials and videos available which provide step-by-step instructions on how to use this feature.