What is technical age in SAP FS-PM - Policy Management?

SAP Term: technical age

• Component: FS-PM

• Component Name: Policy Management

• Description: Age specification used as the basis for rating. Various options are available for the calculation of the technical age TA in years.

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• Key Concepts: 
  Technical age is a term used in the SAP FS-PM Policy Management component. It is a measure of the age of an object in the system, such as a policy or a contract. The technical age is calculated based on the date of the last change made to the object. 
  
  How to use it: 
  The technical age can be used to determine how up-to-date an object is. For example, if a policy has not been changed in several years, it may be out of date and need to be updated. The technical age can also be used to identify objects that have not been changed in a long time and may need to be reviewed or deleted. 
  
  Tips & Tricks: 
  It is important to keep track of the technical age of objects in the system, as this can help ensure that policies and contracts are up-to-date and relevant. It can also help identify objects that may need to be reviewed or deleted. 
  
  Related Information: 
  For more information on the technical age, please refer to the SAP FS-PM Policy Management documentation.