What is certifying authority in SAP PSM-EC - Expenditure Certification?

SAP Term: certifying authority

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: Authority responsible for confirming "certifying" that expenditure hastaken place on projects eligible for the financial support provided.

Smart SAP Assistant

• Key Concepts: 
  A certifying authority is an entity that is responsible for verifying the accuracy of an expenditure certification in SAP. This is done by ensuring that the certification is in compliance with the applicable laws and regulations. The certifying authority also ensures that the certification is properly documented and signed off by the appropriate personnel. 
  
  How to use it: 
  In SAP, a certifying authority is responsible for verifying the accuracy of an expenditure certification. This is done by ensuring that the certification is in compliance with the applicable laws and regulations. The certifying authority also ensures that the certification is properly documented and signed off by the appropriate personnel. 
  
  Tips & Tricks: 
  When setting up a certifying authority in SAP, it is important to ensure that all of the necessary information is included in the certification. This includes the name of the certifying authority, their contact information, and any other relevant information. Additionally, it is important to ensure that all of the necessary documents are included in the certification, such as invoices, contracts, and other supporting documents. 
  
  Related Information: 
  The SAP PSM-EC Expenditure Certification component provides a comprehensive solution for managing expenditure certifications. It allows users to create and manage expenditure certifications, as well as assign certifying authorities to each certification. Additionally, it provides a comprehensive audit trail for each certification, allowing users to track changes and ensure compliance with applicable laws and regulations.