What is funds from secondary sources in SAP PSM-GM - Grants Management?

SAP Term: funds from secondary sources

• Component: PSM-GM

• Component Name: Grants Management

• Description: Donations from organizations used for sponsoring specific projects, research programs, and similar undertakings. &EXAMPLE& A university is given financial support by the federal or regional government.

Smart SAP Assistant

• Key Concepts: 
  Funds from secondary sources are funds that are not directly provided by the primary source, such as a government or other organization. These funds can come from a variety of sources, such as private donations, corporate sponsorships, or other sources. In the context of SAP PSM-GM Grants Management, these funds are used to supplement the primary source of funding for a project or program. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, funds from secondary sources can be used to supplement the primary source of funding for a project or program. This allows organizations to access additional resources to help them achieve their goals. To use funds from secondary sources, organizations must first identify potential sources and then apply for the funds. Once approved, the organization can then use the funds to support their project or program. 
  
  Tips & Tricks: 
  When applying for funds from secondary sources, it is important to be clear about how the funds will be used and what impact they will have on the project or program. Additionally, organizations should ensure that they have all necessary documentation in order before submitting their application. This will help ensure that the application is processed quickly and efficiently. 
  
  Related Information: 
  For more information on using funds from secondary sources in SAP PSM-GM Grants Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PSM_GM/latest/en-US/f9f8d7a2b3e14c8a9f3d7c2b6f5e4d1a.html