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

SAP Term: backstopping

• Component: PSM-GM

• Component Name: Grants Management

• Description: A guarantee that the responsible department will cover any expenditures incurred before the official grant is received.

Smart SAP Assistant

• Key Concepts: 
  Backstopping is a feature of the SAP PSM-GM Grants Management component that allows for the transfer of funds from one grant to another. This feature is used when a grantee is unable to complete a project or when a grantee needs additional funds to complete a project. Backstopping allows for the transfer of funds from one grant to another without having to go through the entire process of applying for a new grant. 
  
  How to use it: 
  To use backstopping, the grantee must first submit an application for a new grant. Once the application is approved, the grantee can then request backstopping from an existing grant. The request must include details about the project and how much money is needed. The request will then be reviewed by the granting agency and, if approved, the funds will be transferred from one grant to another. 
  
  Tips & Tricks: 
  When requesting backstopping, it is important to provide as much detail as possible about the project and how much money is needed. This will help ensure that the granting agency understands why additional funds are needed and can make an informed decision about whether or not to approve the request. 
  
  Related Information: 
  For more information about backstopping, please refer to SAP's documentation on Grants Management. Additionally, you can contact your local SAP representative for more information about how to use this feature.