What is start phase in SAP FS-PM - Policy Management?

SAP Term: start phase

• Component: FS-PM

• Component Name: Policy Management

• Description: Phase in Business Process Management, which starts with the selection of the business process in the SAP Easy Access menu and ends with the creation of the application. In this phase, the user selects the object to be processed. This can be an existing policy or a sales product.

Smart SAP Assistant

• Key Concepts: 
  The start phase in SAP FS-PM Policy Management is the first step in the policy management process. It is used to define the policy parameters and set up the policy framework. This includes setting up the policy structure, defining the policy rules, and setting up the policy execution environment. 
  
  How to use it: 
  To use the start phase in SAP FS-PM Policy Management, you must first define the policy parameters. This includes setting up the policy structure, defining the policy rules, and setting up the policy execution environment. Once these parameters are set, you can then begin to create and manage policies within the system. 
  
  Tips & Tricks: 
  When setting up the start phase in SAP FS-PM Policy Management, it is important to ensure that all of the necessary parameters are defined correctly. This will ensure that policies are created and managed correctly within the system. Additionally, it is important to keep track of any changes made to the policy parameters as this can affect how policies are executed. 
  
  Related Information: 
  For more information on using SAP FS-PM Policy Management, please refer to SAP's official documentation on their website. Additionally, there are many online resources available that provide tutorials and tips on using this software.