What is standard value in SAP PA-BN-FB - Flexible Benefits?

SAP Term: standard value

• Component: PA-BN-FB

• Component Name: Flexible Benefits

• Description: Total value cost of the standard benefits offered. Standard benefits are offered by an organization to an employee by default. The standard value represents the cost to the organization of the standard benefits provided to the employee.

Smart SAP Assistant

• Key Concepts: 
  Standard value is a feature of the PA-BN-FB Flexible Benefits component in SAP. It is a predefined value that is used to set the default value for a field or parameter. This allows users to quickly enter data without having to manually enter each value. 
  
  How to use it: 
  Standard values can be set up in the PA-BN-FB Flexible Benefits component in SAP. To do this, go to the “Define Standard Values” tab and enter the desired values for each field or parameter. Once saved, these values will be used as the default when entering data into the system. 
  
  Tips & Tricks: 
  When setting up standard values, it is important to ensure that they are accurate and up-to-date. This will help ensure that data entered into the system is consistent and accurate. Additionally, it is important to review standard values periodically to ensure they are still relevant and accurate. 
  
  Related Information: 
  For more information on setting up standard values in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide step-by-step instructions on how to set up standard values in SAP.