What is grantor program in SAP PSM-GM - Grants Management?

SAP Term: grantor program

• Component: PSM-GM

• Component Name: Grants Management

• Description: In Customer Relationship Management CRM, master data integrated with the funded program in ERP. It enables flexible definition of the characteristics needed to deliver a variety of payment types.

Smart SAP Assistant

• Key Concepts: 
  A grantor program is a type of funding program offered by SAP’s PSM-GM Grants Management component. It is designed to provide financial assistance to organizations and individuals in order to help them achieve their goals. The program provides grants to eligible applicants, which can be used for a variety of purposes such as research, development, and training.
  
  How to use it: 
  In order to apply for a grantor program, applicants must first submit an application form. This form will include information about the applicant’s organization or individual, the purpose of the grant, and the amount of funding requested. Once the application is approved, the applicant will receive a grant agreement outlining the terms and conditions of the grant. The applicant must then submit a report detailing how the funds were used and any results achieved.
  
  Tips & Tricks: 
  When applying for a grantor program, it is important to provide as much detail as possible in the application form. This will help ensure that the application is approved and that the funds are used in an effective manner. Additionally, applicants should be sure to read and understand all of the terms and conditions outlined in the grant agreement before signing it.
  
  Related Information: 
  For more information about SAP’s PSM-GM Grants Management component and its grantor programs, please visit https://www.sap.com/products/grants-management.html.