What is standard simulation in SAP IS-B-SA-ALM - Asset/Liability Management?

SAP Term: standard simulation

• Component: IS-B-SA-ALM

• Component Name: Asset/Liability Management

• Description: Simulation category that is used to generate new transaction templates automatically for closing gaps.

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• Key Concepts: 
  Standard simulation is a feature of SAP IS-B-SA-ALM Asset/Liability Management that allows users to simulate the effects of different financial scenarios on their assets and liabilities. This feature enables users to make informed decisions about their financial strategies and investments. 
  
  How to use it: 
  Standard simulation can be used to simulate the effects of different financial scenarios on assets and liabilities. The user can select different scenarios, such as changes in interest rates, inflation, or exchange rates, and the system will calculate the effects of these changes on the user's assets and liabilities. The user can then compare the results of different scenarios to determine which one is most beneficial for their financial strategy. 
  
  Tips & Tricks: 
  When using standard simulation, it is important to consider all possible scenarios and their potential effects on assets and liabilities. It is also important to consider the long-term effects of any changes in financial strategies or investments. Additionally, it is important to keep track of any changes made in the simulation so that they can be easily reversed if needed. 
  
  Related Information: 
  Standard simulation is just one of many features available in SAP IS-B-SA-ALM Asset/Liability Management. Other features include portfolio management, risk management, and reporting capabilities. Additionally, SAP offers a range of other software solutions that can be used in conjunction with IS-B-SA-ALM Asset/Liability Management to further enhance its capabilities.