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

SAP Term: technical amendment

• Component: FS-PM

• Component Name: Policy Management

• Description: Amendment affecting the insurance-specific data mathematical calculations.

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• Key Concepts: 
  A technical amendment is a change to the existing policy in SAP FS-PM Policy Management. It is used to modify the existing policy without changing the policy itself. Technical amendments are used to make minor changes to the policy, such as adding or removing a clause, changing the wording of a clause, or changing the order of clauses.
  
  How to use it: 
  To make a technical amendment, you must first open the existing policy in SAP FS-PM Policy Management. Then, you can make the desired changes to the policy. Once you have made all of the changes, you can save the policy as a technical amendment.
  
  Tips & Tricks: 
  When making a technical amendment, it is important to ensure that all of the changes are correct and that they do not conflict with any other policies or regulations. Additionally, it is important to keep track of all of the changes that have been made so that they can be easily referenced in the future.
  
  Related Information: 
  For more information on technical amendments in SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to make technical amendments in SAP FS-PM Policy Management.