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

SAP Term: subrecipient

• Component: PSM-GM

• Component Name: Grants Management

• Description: In a subrecipient scenario, funding is received from the sponsor by a grantee organization. Recipients, such as individual citizens or business entities, then apply to the grantee organization for funding. The sponsor's terms and conditions are not usually passed on exactly to the subrecipients. Terms such as cost sharing stipulations are usually different.

Smart SAP Assistant

• Key Concepts: 
  A subrecipient is an organization that receives a portion of the funds from a grant or contract awarded to a primary recipient. The primary recipient is responsible for managing the funds and ensuring that the subrecipient complies with all applicable laws and regulations. The primary recipient is also responsible for monitoring the performance of the subrecipient and ensuring that the funds are used for their intended purpose. 
  
  How to use it: 
  In SAP PSM-GM Grants Management, subrecipients can be managed in the system. The primary recipient can create a subrecipient record in the system, which includes information such as contact details, address, and other relevant information. The primary recipient can also assign tasks to the subrecipient, such as submitting reports or invoices, and track their progress. 
  
  Tips & Tricks: 
  It is important to ensure that all information about the subrecipient is accurate and up-to-date. This will help ensure that all payments are made correctly and on time. It is also important to monitor the performance of the subrecipient to ensure that they are meeting their obligations. 
  
  Related Information: 
  For more information about managing subrecipients in SAP PSM-GM Grants Management, please refer to the official documentation here: https://help.sap.com/viewer/product/PSM_GM/2020_05_500/en-US