What is certified contribution in SAP PSM-EC - Expenditure Certification?

SAP Term: certified contribution

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: A contribution saved in a certification run after the results of a worklist of proposed contributions have been confirmed or reworked. The certified contribution is calculated as follows: certified expenditure * contribution rate = certified contribution. Note that the certified contribution cannot be higher than the certified expenditure times the contribution rate.

Smart SAP Assistant

• Key Concepts: 
  SAP Certified Contribution is a feature of the PSM-EC Expenditure Certification component of SAP. It allows users to certify that their expenditure is in compliance with the company’s policies and procedures. This certification is done by a designated user who has been given the authority to do so. The user must review the expenditure and certify that it meets the company’s requirements.
  
  How to use it: 
  To use the SAP Certified Contribution feature, a user must first be designated as a certifier. This user must have the appropriate authority to certify expenditure. Once this is done, the user can review the expenditure and certify that it meets the company’s requirements. The user can then submit the certification for approval.
  
  Tips & Tricks: 
  When using SAP Certified Contribution, it is important to ensure that all expenditure is reviewed and certified in a timely manner. This will help ensure that all expenditures are compliant with company policies and procedures. Additionally, it is important to keep track of all certifications so that they can be easily accessed when needed.
  
  Related Information: 
  SAP Certified Contribution is part of the PSM-EC Expenditure Certification component of SAP. Other features of this component include budgeting, forecasting, and reporting. Additionally, there are other components of SAP that can be used to manage expenditure, such as SAP Financials and SAP Business Warehouse.