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

SAP Term: technical start

• Component: FS-PM

• Component Name: Policy Management

• Description: Date for the start of insurance specified on the insurance policy application. In life insurance or private health insurance, the technical start determines the age at entry, the premium amount, and the waiting periods. It also determines the generation for the product. Premium payment starts with the technical start.

Smart SAP Assistant

• Key Concepts: 
  Technical start is a process in the FS-PM Policy Management component of SAP that allows users to start the system in a technical environment. This process is used to ensure that the system is running correctly and that all necessary components are in place before the system is used in a production environment. 
  
  How to use it: 
  To perform a technical start, users must first log into the SAP system and then navigate to the FS-PM Policy Management component. Once there, they must select the “Technical Start” option from the menu. This will open a window where users can enter the necessary parameters for the technical start process. Once all parameters have been entered, users can click “Start” to begin the process. 
  
  Tips & Tricks: 
  It is important to ensure that all parameters are entered correctly before starting the technical start process. If any of the parameters are incorrect, it could lead to errors or unexpected results. Additionally, it is important to make sure that all necessary components are in place before starting the process. 
  
  Related Information: 
  For more information on technical start in FS-PM Policy Management, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed instructions on how to perform a technical start in SAP.