How to use /IBX/NOVATION - IPX: Novation

SAP Transaction Code - Details

• Transaction Code: /IBX/NOVATION

  Description: IPX: Novation

  Release: S/4HANA only

• • Program: /IBX/NOVATION

    Screen: 1000

    Authorization Object:

  • Development Package: /IBX/USER_INTERFACE

    Package Description: SAPGUI UI - Dialogs

    Parent Package: /IBX/RBD-IPX

  • Module/Component: FS-RBD-IPX

    Description: Reserve for Bad Debts – impairment processing extension

Smart SAP Assistant

• SAP Tcode: /IBX/NOVATION - IPX: Novation

   of Insurance Policies
  
  Overview:
  The SAP transaction code /IBX/NOVATION - IPX is used to novate insurance policies in the SAP system. Novation is the process of transferring a contract from one party to another, and this transaction code allows users to do so in a secure and efficient manner. 
  
  Functionality: 
  This transaction code allows users to transfer insurance policies from one party to another. It also allows users to view the details of the policy, such as the policy number, the insured amount, and the start and end dates of the policy. Additionally, users can also view the status of the policy, such as whether it is active or inactive. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code /IBX/NOVATION - IPX into the command field. 
  2. Enter the policy number into the search field. 
  3. Select the policy you wish to novate from the list of results. 
  4. Enter the details of the new party taking over the policy, such as their name and contact information. 
  5. Confirm that all details are correct and click “Save” to complete the novation process. 
  
  Other Recommendations: 
  It is important to ensure that all details are correct before completing a novation process, as any mistakes could lead to costly errors down the line. Additionally, it is recommended that users familiarize themselves with all relevant policies and procedures before using this transaction code, as this will help ensure that all processes are completed correctly and efficiently.