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

SAP Term: contribution rate

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: A sponsor's share of the eligible expenditure, defined in percentage form.

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• Key Concepts: 
  Contribution rate is a term used in the SAP PSM-EC Expenditure Certification module. It is a percentage that is used to calculate the amount of money that an organization will contribute to a project or program. The contribution rate is determined by the organization and can be adjusted as needed. 
  
  How to use it: 
  The contribution rate is used to calculate the amount of money that an organization will contribute to a project or program. The rate is determined by the organization and can be adjusted as needed. To set the contribution rate, go to the SAP PSM-EC Expenditure Certification module and select “Contribution Rate” from the menu. Enter the desired percentage and click “Save”. 
  
  Tips & Tricks: 
  When setting the contribution rate, it is important to consider the budget of the project or program and how much money the organization can realistically contribute. It is also important to consider any external factors that may affect the contribution rate, such as changes in market conditions or government regulations. 
  
  Related Information: 
  For more information on setting contribution rates in SAP PSM-EC Expenditure Certification, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide tips and tricks for setting contribution rates in SAP PSM-EC Expenditure Certification.