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

SAP Term: application status

• Component: PSM-GM

• Component Name: Grants Management

• Description: In , the application status describes the stage an application for funding has reached within the organization. Examples of statuses that might be assigned include: Draft Pending Submitted to the sponsor Revised by author or organization Funded by sponsor Not funded Denied

Smart SAP Assistant

• Key Concepts: 
  Application status is a feature of the SAP PSM-GM Grants Management component that allows users to track the progress of their grant applications. It provides a visual representation of the current status of an application, including whether it has been approved, rejected, or is still pending. It also provides information about the next steps in the process, such as who needs to review the application and when it is due. 
  
  How to use it: 
  To use application status, users must first log into their SAP system and navigate to the PSM-GM Grants Management component. Once there, they can select the “Application Status” option from the menu. This will open a page that displays all of their current grant applications and their current status. Users can then click on an individual application to view more detailed information about its progress. 
  
  Tips & Tricks: 
  It is important to keep track of your application status in order to ensure that your grant applications are being processed in a timely manner. To make this easier, you can set up email notifications for when your application status changes. This way, you will always be aware of any updates or changes to your application. 
  
  Related Information: 
  For more information about using the Application Status feature in SAP PSM-GM Grants Management, please refer to the official SAP documentation. Additionally, you can find helpful tutorials and videos online that provide step-by-step instructions for using this feature.