What is agreement in SAP PSM-GM - Grants Management?

SAP Term: agreement

• Component: PSM-GM

• Component Name: Grants Management

• Description: Arrangement between the grantor and grantee, setting out the rules governing the grant awarded. It includes such specifications as agreement amount, cost sharing rules, and billing rules.

Smart SAP Assistant

• Key Concepts: 
  An agreement in SAP PSM-GM Grants Management is a legally binding document between two or more parties that outlines the terms and conditions of a particular transaction. It is used to define the rights and obligations of each party involved in the transaction. The agreement can be used to define the scope of the transaction, the payment terms, and any other relevant details. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, agreements are created and managed in the Agreement Management module. This module allows users to create, edit, and delete agreements as needed. Users can also view and manage existing agreements, as well as generate reports on agreements. 
  
  Tips & Tricks: 
  When creating an agreement in SAP PSM-GM Grants Management, it is important to ensure that all relevant information is included in the agreement. This includes the scope of the transaction, payment terms, and any other relevant details. Additionally, it is important to ensure that all parties involved in the transaction are aware of and agree to the terms outlined in the agreement. 
  
  Related Information: 
  For more information on agreements in SAP PSM-GM Grants Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/PSM_GM/2020_05_500/en-US/f8d7f9a3e2b14c8a9f3d7c2b6d5f9a1e.html