What is priority in SAP PSM-EC - Expenditure Certification?

SAP Term: priority

• Component: PSM-EC

• Component Name: Expenditure Certification

• Description: In the management of EU structural funds, one of the main items in the strategy adopted within a support framework or assistance. Assigned to the priority is a contribution from EU funds or from other financial instruments.

Smart SAP Assistant

• Key Concepts: 
  Priority in the PSM-EC Expenditure Certification component of SAP is a setting that determines the order in which documents are processed. It is used to prioritize documents based on their importance or urgency. Documents with higher priority will be processed first, while documents with lower priority will be processed later. 
  
  How to use it: 
  Priority can be set when creating a document in the PSM-EC Expenditure Certification component of SAP. The user can select a priority level from a drop-down menu, ranging from low to high. The priority level will determine the order in which the document is processed. 
  
  Tips & Tricks: 
  When setting the priority level for a document, it is important to consider the urgency of the document and its importance to the organization. Documents that are more urgent or important should be given higher priority levels, while documents that are less urgent or important should be given lower priority levels. 
  
  Related Information: 
  Priority is just one of many settings that can be used to customize documents in the PSM-EC Expenditure Certification component of SAP. Other settings include document type, currency, and payment terms.