What is multi-funding in SAP CRM-IPS - Public Sector?

SAP Term: multi-funding

• Component: CRM-IPS

• Component Name: Public Sector

• Description: The funding for grants originating from multiple sources or sponsors. As a result there may be several budget addresses or account assignments. Funding is commonly split among the funding sources by fixed amounts or by a percentage of the grant amount. Multi-finding rules can be defined when the program is defined or when when individual transactions are processed.

Smart SAP Assistant

• Key Concepts: 
  Multi-funding is a feature of the CRM-IPS Public Sector component of SAP software. It allows users to manage multiple funding sources for a single project or activity. This feature helps organizations to track and manage their finances more efficiently, as it allows them to allocate funds from different sources to different activities. 
  
  How to use it: 
  To use multi-funding, users must first create a project or activity in the CRM-IPS Public Sector component. Once the project or activity is created, users can then assign multiple funding sources to it. This can be done by selecting the “Multi-Funding” option in the project or activity’s settings. From there, users can add and manage multiple funding sources for the project or activity. 
  
  Tips & Tricks: 
  When using multi-funding, it is important to keep track of all the different funding sources that are assigned to a project or activity. This will help ensure that all funds are properly allocated and accounted for. Additionally, it is important to keep track of any changes that are made to the funding sources, as this could affect the overall budget of the project or activity. 
  
  Related Information: 
  For more information on multi-funding in SAP software, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using multi-funding in SAP software.