Hi Rahul,
There is an option to archive PSA data, but not delivered by standard SAP software... it is delivered by a 3rd party solution provider.
You can find more details in this presentation from PBS Software GmbH
and here also: https://www.pbs-software.com/fileadmin/medien/whitepaper/PBS-Nearlin-Storage-Solutions.pdf
Kind regards, Nico J W Kuijper