1. SAP Glossary
  2. Grants Management
  3. authorized amount


What is 'authorized amount' in SAP PSM-GM - Grants Management?


authorized amount - Overview

  • Component: PSM-GM

  • Component Name: Grants Management

  • Description: Final value of the grantor application. During the application process, the applicant applies for a specific amount requested amount. The amount to which the applicant is entitled is determined from the rules of the program eligible amount. In the final step of the application, the final application amount is granted authorized amount and may or may not differ from the eligible amount.


authorized amount - Details


  • Key Concepts: Authorized Amount is a term used in SAP PSM-GM Grants Management. It is the maximum amount of money that can be allocated to a grantee or project. This amount is set by the grantor and is used to ensure that the grantee does not exceed the budget set for the project.
    How to use it: In SAP PSM-GM Grants Management, the Authorized Amount is set by the grantor when creating a new grant. This amount can be adjusted at any time during the life of the grant. The Authorized Amount is used to ensure that the grantee does not exceed the budget set for the project.
    Tips & Tricks: It is important to keep track of the Authorized Amount for each grant, as it can be adjusted at any time during the life of the grant. This will help ensure that the grantee does not exceed their budget and that all funds are being used appropriately.
    Related Information: The Authorized Amount is just one of many terms used in SAP PSM-GM Grants Management. Other terms include Grant Start Date, Grant End Date, and Grant Status. Understanding these terms and how they relate to each other will help you better manage your grants in SAP PSM-GM Grants Management.

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authorized amount - Related SAP Terms

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