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

SAP Term: application

• Component: PSM-GM

• Component Name: Grants Management

• Description: An external request by a potential grantee, soliciting funding from a grantor.

Smart SAP Assistant

• Key Concepts: 
  SAP Application Component PSM-GM Grants Management is a software solution that helps organizations manage their grant programs. It provides a comprehensive set of tools to track and manage grants, including budgeting, reporting, and compliance. It also provides a centralized repository for grant information, allowing users to easily access and analyze data.
  
  How to Use it: 
  To use the PSM-GM Grants Management application component, users must first log into the SAP system. Once logged in, users can access the application component from the main menu. From there, they can create new grants, manage existing grants, and view reports. Additionally, users can customize the application component to meet their specific needs.
  
  Tips & Tricks: 
  When using the PSM-GM Grants Management application component, it is important to keep track of all changes made to grants. This will help ensure that all grant information is up-to-date and accurate. Additionally, users should take advantage of the reporting features available in the application component to gain insights into their grant programs.
  
  Related Information: 
  The PSM-GM Grants Management application component is part of SAP's suite of enterprise resource planning (ERP) solutions. Other ERP solutions from SAP include SAP Business Suite and SAP S/4HANA. Additionally, SAP offers a range of other applications and services that can be used in conjunction with the PSM-GM Grants Management application component.