What is subsidy calculation module in SAP FS-PM - Policy Management?

SAP Term: subsidy calculation module

• Component: FS-PM

• Component Name: Policy Management

• Description: Elementary product calculation module that contains the share of a life insurance policy formed from government subsidy amounts.

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• Key Concepts: 
  The SAP Subsidy Calculation Module is a component of the FS-PM Policy Management module. It is used to calculate and manage subsidies for customers, such as those provided by government agencies. It allows users to define subsidy rules, calculate subsidies, and manage the payment process. 
  
  How to use it: 
  The Subsidy Calculation Module can be used to define subsidy rules, such as eligibility criteria and payment amounts. It can also be used to calculate subsidies based on these rules and manage the payment process. The module can be integrated with other SAP modules, such as the Financial Accounting module, to ensure accurate and timely payments. 
  
  Tips & Tricks: 
  When setting up the Subsidy Calculation Module, it is important to ensure that all subsidy rules are properly defined and that all relevant data is entered accurately. This will help ensure that subsidies are calculated correctly and payments are made on time. 
  
  Related Information: 
  The Subsidy Calculation Module is part of the FS-PM Policy Management module, which also includes modules for managing customer contracts, pricing policies, and product catalogs. The module can be integrated with other SAP modules, such as the Financial Accounting module, to ensure accurate and timely payments.