What is outgoing grant in SAP PSM-GM - Grants Management?

SAP Term: outgoing grant

• Component: PSM-GM

• Component Name: Grants Management

• Description: In passthrough funding, the grantee receives funds from the sponsor, then distributes them to third parties. This distribution takes the form of outgoing grants. Compare: incoming grant.

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• Key Concepts: 
  Outgoing grants are funds that are given to external organizations or individuals for a specific purpose. They are typically used to support research, development, and other activities that benefit the public. In SAP Grants Management (PSM-GM), outgoing grants are managed through the creation of grant contracts and the tracking of payments and other related activities. 
  
  How to use it: 
  In SAP Grants Management, outgoing grants can be created by entering the details of the grant into the system. This includes information such as the grant amount, duration, purpose, and recipient. Once the grant is created, payments can be tracked and managed through the system. 
  
  Tips & Tricks: 
  When creating an outgoing grant in SAP Grants Management, it is important to ensure that all of the necessary information is entered accurately. This will help to ensure that payments are tracked correctly and that all activities related to the grant are properly managed. 
  
  Related Information: 
  For more information on how to use SAP Grants Management for outgoing grants, please refer to the official SAP documentation.