Exception Management 
You use exception management to centrally monitor and handle business-critical exceptions in your system landscape. It enables you to analyze errors, correlate and process exceptions, and document the error resolution in guided procedures.
By default, exception management supports monitoring of the following types of technical, single exceptions. These are exceptions that occur in one location and only affect that location:
ABAP application log errors
ABAP dumps
ABAP job errors
ABAP system log errors
ABAP update errors
ABAP Web service exceptions
You can also monitor process-flow-driven, multiple-step exceptions. These can occur in interfaces and processes distributed among multiple components in a heterogeneous system landscape, which can include SAP components, customer-developed components, and legacy systems.
The figure below illustrates the integration of exception management in the system landscape:
Integration of Exception Management in System Landscape
Prerequisites
You have set up your system landscape in the SAP Solution Manager Configuration work center.
You have configured exception management.
To log multiple-step exceptions that occur in business processes distributed across components and technologies, you must mark the critical points in the source code using the SAP Exception Management Instrumentation Platform (SAP EM-IP).
Features
Exception Monitoring and Analysis
Monitor technical, single exceptions, grouped by category, and display error details such as the error message, context, calling stack, and payload of the processing unit
Monitor process-flow-driven, multiple-step exceptions, and display process step information, including predecessor/successor relationship, duration, context information, and executed unit calls
Exception Handling
Create and use guided procedures to resolve exceptions. You can search for existing error handling procedures or document your own procedures for future use. For more information, see Guided Procedure Authoring (GPA).
Assign processors to exceptions for further processing
Create incident messages or e-mail or SMS notifications about exceptions
Navigate to your Alert Inbox to view notifications and incidents for a selected exception instance (if exception management has been coupled to the Monitoring and Alerting Infrastructure)