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

SAP Term: Grantee Management

• Component: PSM-GM

• Component Name: Grants Management

• Description: Grantee Management GM-GTE provides public sector organizations and bodies involved in higher education and research with a solution they can use to do the following: Plan, budget, identify, obtain, and record all funding related to received grants Plan, budget, identify, obtain, schedule, perform, and record the activities related to managing the sponsored programs and furthering both their own objectives and those of the sponsor Differentiate between eligible and ineligible costs Bill and record sponsor amounts Record and report all related costs, revenues, and required statistical information

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• Key Concepts: 
  Grantee Management is a component of the SAP PSM-GM Grants Management module. It is used to manage the process of granting funds to external organizations or individuals. This includes tracking the grantees, managing the grant process, and monitoring the progress of the grantees. 
  
  How to use it: 
  Grantee Management can be used to create and manage grants, track grantees, and monitor their progress. It also allows users to set up rules and regulations for granting funds, as well as track the status of grants and payments. 
  
  Tips & Tricks: 
  When setting up rules and regulations for granting funds, it is important to ensure that all relevant information is included in the grant agreement. This includes details such as the amount of funding, the duration of the grant, and any conditions that must be met by the grantee. 
  
  Related Information: 
  Grantee Management is part of the SAP PSM-GM Grants Management module. Other components of this module include Grant Administration, Grant Reporting, and Grant Analysis.