Profiles and Policies are conceptually the same. They are used to manipulate the configuration of a device using a standard framework.
You can create Apple Profiles, Windows Profiles, Google Policies, and FileWave Policies on the Create Configuration button in the Payloads section.
Apple Profiles - To be added
Windows MDM Policies (aka Profiles)
Google Policies - To be added
FileWave Policies - To be added