SAP Policy Management - Business Processes

Course Details
Code: FS340-v098
Tuition (USD): $2,010.00 • Classroom (3 days)
Course Details
GSA (USD): $1,822.67 • Classroom (3 days)

Suggested Audience

Skills Gained

  • Use Policy Management efficiently
  • Describe the architecture of Policy Management
  • Get an overview of the processes and functions of Policy Management
  • Perform the most important process steps within the SAP Policy Management system

Who Can Benefit

  • Application Consultant
  • Business Process Architect
  • Business Process Owner / Team Lead / Power User
  • Data Consultant / Manager
  • Help Desk / COE Support
  • Industry Specialist


  • Essential:
       -SAP129 – SAP Navigation
  • Recommended:
       -FS300 – SAP for Insurance - Overview

Course Details

Course Content

  • Overview of Policy Management architecture
  • Business Processes and Transactions:
       -New Business: Life Insurance and Personal Liability Insurance
       -Central Access, Resumption and Risk Assessment process
       -Changes to a policy
       -Reversal and Reset
  • Components within FS-PM
       -Inquiry Policy, Journal and History Management
       -Accounting Component
       -Object Management
       -Time Model
       -Fund Management
  • Product Management
       -Product Manager msg.PM
       -InForce Business Configurator
       -Master Policy Management and Mass Change


  • This course is also available in a self-paced e-learning format, complete with system demos and simulations under course code FS340e

Course based on software release

  • SAP Policy Management 5.1