What is advance request claim in SAP PSM-GM - Grants Management?

SAP Term: advance request claim

• Component: PSM-GM

• Component Name: Grants Management

• Description: A claim for payment made in advance of executing the terms and conditions of the agreement and/or in advance of incurring expenditures.

Smart SAP Assistant

• Key Concepts: 
  Advance Request Claim is a feature in the SAP PSM-GM Grants Management component that allows users to request an advance payment for a grant. This feature allows users to submit a request for an advance payment, which is then reviewed and approved by the grantor. Once approved, the advance payment is made to the grantee. 
  
  How to use it: 
  To use the Advance Request Claim feature, users must first log into the SAP PSM-GM Grants Management component. Once logged in, users can select the “Advance Request Claim” option from the main menu. This will open a form where users can enter details about their request, such as the amount of the advance payment and any supporting documents. Once submitted, the request will be reviewed and approved by the grantor. 
  
  Tips & Tricks: 
  When submitting an Advance Request Claim, it is important to provide as much detail as possible about the request. This will help ensure that the request is reviewed and approved quickly. Additionally, it is important to provide any supporting documents that may be required by the grantor. 
  
  Related Information: 
  For more information about Advance Request Claims in SAP PSM-GM Grants Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/PSM_GM/2020_Q2/en-US.