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  1. SAP Glossary
  2. Grants Management
  3. sponsored funds


What is sponsored funds in SAP (PSM-GM - Grants Management)?


SAP Term: sponsored funds

  • Component: PSM-GM

  • Component Name: Grants Management

  • Description: Financial assistance or contracts provided to others to further the programs of the sponsoring entity.


Smart SAP Assistant

  • Key Concepts: 
    Sponsored funds are funds that are provided by an external source, such as a government agency, to support a specific project or program. In SAP PSM-GM Grants Management, sponsored funds are managed and tracked in the system to ensure that they are used for their intended purpose. 
    
    How to use it: 
    In SAP PSM-GM Grants Management, sponsored funds can be managed and tracked in the system. This includes setting up the fund, tracking the budget and expenses associated with the fund, and monitoring the progress of the project or program. The system also allows users to generate reports on the status of the fund and its associated projects or programs. 
    
    Tips & Tricks: 
    When setting up a sponsored fund in SAP PSM-GM Grants Management, it is important to ensure that all relevant information is entered accurately. This includes the name of the fund, its budget, and any associated projects or programs. Additionally, it is important to regularly review and update the information associated with the fund to ensure that it is up-to-date. 
    
    Related Information: 
    For more information on SAP PSM-GM Grants Management and how to manage sponsored funds in the system, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this module.
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