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

SAP Term: grantee

• Component: PSM-GM

• Component Name: Grants Management

• Description: Organization or individual directly receiving funds from a grantor. The grantee is responsible for distributing the sponsored funds received, and for managing and accounting for them.

Smart SAP Assistant

• Key Concepts: 
  A grantee is an individual or organization that receives a grant from a grantor. In the context of SAP PSM-GM Grants Management, a grantee is an entity that has been awarded a grant from a grantor. The grantee is responsible for managing the grant funds and ensuring that they are used for the purpose for which they were intended. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, the grantee is responsible for creating and managing the grant agreement. This includes setting up the terms and conditions of the agreement, as well as tracking and reporting on the progress of the project. The grantee is also responsible for ensuring that all funds are used in accordance with the terms of the agreement. 
  
  Tips & Tricks: 
  When setting up a grant agreement, it is important to ensure that all parties involved understand their roles and responsibilities. This includes both the grantor and the grantee. It is also important to ensure that all funds are used in accordance with the terms of the agreement. 
  
  Related Information: 
  For more information on SAP PSM-GM Grants Management, please refer to the official SAP documentation. Additionally, there are many online resources available to help you understand how to use this software effectively.