What is reimbursement funding in SAP PSM-GM - Grants Management?

SAP Term: reimbursement funding

• Component: PSM-GM

• Component Name: Grants Management

• Description: Funding setup where eligible expenditures are made by the grantee and then repaid by the sponsor, according to the terms of the sponsored programs. Compare: lump sum funding, periodic payment

Smart SAP Assistant

• Key Concepts: 
  Reimbursement funding is a type of grant funding that is provided by SAP's Grants Management (PSM-GM) component. It is a form of financial assistance that is provided to an organization or individual in order to cover the costs associated with a specific project or activity. The grantee is responsible for providing the necessary documentation and evidence to prove that the funds were used for the intended purpose. 
  
  How to use it: 
  In order to use reimbursement funding, the grantee must first submit an application to SAP's Grants Management component. The application must include detailed information about the project or activity for which the funds are being requested, as well as a budget outlining how the funds will be used. Once the application is approved, SAP will provide the grantee with a reimbursement form that must be completed and submitted in order to receive the funds. 
  
  Tips & Tricks: 
  When applying for reimbursement funding, it is important to provide as much detail as possible in order to ensure that your application is approved. Additionally, it is important to keep track of all receipts and other documentation related to the project or activity in order to prove that the funds were used for their intended purpose. 
  
  Related Information: 
  For more information about reimbursement funding and how to apply, please visit SAP's Grants Management website at https://www.sap.com/products/grants-management.html.