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

SAP Term: repayment

• Component: PSM-GM

• Component Name: Grants Management

• Description: A sum of money paid to the grantee or the grantor, and is determined by the program rules in the agreement. A grant converts to a repayment if the grantee meets certain terms and conditions, such as meeting revenue targets, or if a grantee violates the terms and conditions of the agreement.

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• Key Concepts: 
  Repayment is a process in SAP PSM-GM Grants Management that allows grant recipients to return funds to the grantor. This process is used when a grant recipient has received more funds than they are entitled to, or when the grant recipient has not met the conditions of the grant. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, repayment is initiated by the grant recipient. The recipient must submit a repayment request to the grantor, which includes details of the amount to be repaid and the reason for repayment. The grantor then reviews the request and approves or rejects it. If approved, the repayment is processed and the funds are returned to the grantor. 
  
  Tips & Tricks: 
  When submitting a repayment request, it is important to provide as much detail as possible about why repayment is necessary. This will help ensure that the request is approved quickly and efficiently. Additionally, it is important to keep track of all repayments made, as this information may be needed for future audits or reviews. 
  
  Related Information: 
  For more information on repayment in SAP PSM-GM Grants Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/PSM_GM/2020_05_500/en-US/f8d7f9a2b3e14c8a9f3d7c2b6d5f9e4a.html