What is update-relevant in SAP FS-PM - Policy Management?

SAP Term: update-relevant

• Component: FS-PM

• Component Name: Policy Management

• Description: Business transaction that affects the update of one or more contracts. Policy changes that do no affect one or more contracts are not update-relevant.

Smart SAP Assistant

• Key Concepts: 
  Update-relevant is a term used in SAP FS-PM Policy Management. It refers to the process of updating existing policies and rules in the system. This process is necessary to ensure that the system is up-to-date with the latest regulations and changes in the industry. 
  
  How to use it: 
  In order to update existing policies and rules, users must first identify which policies and rules need to be updated. This can be done by reviewing the current policies and rules in the system and comparing them to the latest regulations and changes in the industry. Once identified, users can then update the policies and rules accordingly. 
  
  Tips & Tricks: 
  When updating existing policies and rules, it is important to ensure that all changes are properly documented. This will help ensure that any future changes or updates are tracked and can be easily identified. Additionally, it is important to review all changes before they are implemented in order to ensure accuracy. 
  
  Related Information: 
  For more information on SAP FS-PM Policy Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use this system.