What is budget extension request in SAP CRM-FM - Funds Management?

SAP Term: budget extension request

• Component: CRM-FM

• Component Name: Funds Management

• Description: A demand, which is subject to approval, to extend a budget that has not yet expired.

Smart SAP Assistant

• Key Concepts: 
  Budget Extension Request is a feature of SAP CRM-FM Funds Management that allows users to request additional funds for a budget that has already been approved. This request is then reviewed and approved by the budget owner. Once approved, the additional funds are added to the existing budget. 
  
  How to use it: 
  To use the Budget Extension Request feature, users must first log into their SAP system and navigate to the CRM-FM Funds Management module. From there, they can select the “Budget Extension Request” option from the menu. This will open a form where users can enter the details of their request, such as the amount of additional funds needed and the reason for the request. Once submitted, the request will be reviewed and approved by the budget owner. 
  
  Tips & Tricks: 
  When submitting a Budget Extension Request, it is important to provide as much detail as possible in order to ensure that your request is approved quickly and efficiently. Additionally, it is important to keep track of all requests that have been submitted in order to ensure that all requests are addressed in a timely manner. 
  
  Related Information: 
  For more information on using the Budget Extension Request feature in SAP CRM-FM Funds Management, please refer to the official SAP documentation or contact your system administrator.