What is 'passthrough funding' in SAP PSM-GM - Grants Management?

passthrough funding - Overview

• Component: PSM-GM

• Component Name: Grants Management

• Description: Funds received by a grantee organization from a sponsor, then distributed/allocated to a third-party organization. The third-party organization then consumes them.

passthrough funding - Details

• 
  Key Concepts: 
  Passthrough funding is a feature of the SAP PSM-GM Grants Management component that allows organizations to transfer funds from one entity to another. This feature enables organizations to manage their grant funds more efficiently and accurately. It also allows organizations to track the flow of funds from one entity to another, ensuring that the funds are used for their intended purpose. 
  
  How to use it: 
  To use passthrough funding, organizations must first set up a grant in the SAP PSM-GM Grants Management component. Once the grant is set up, organizations can then transfer funds from one entity to another. This can be done by entering the details of the transfer in the “Funds Transfer” tab of the grant. The details of the transfer must include the source and destination entities, as well as the amount of money being transferred. Once all of this information is entered, organizations can then submit the transfer for approval. 
  
  Tips & Tricks: 
  When using passthrough funding, it is important to ensure that all of the details of the transfer are accurate and complete. This includes double-checking that all of the source and destination entities are correct, as well as verifying that the amount of money being transferred is correct. Additionally, it is important to ensure that all necessary approvals have been obtained before submitting the transfer for approval.