What is incremental funding in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: incremental funding

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A means of funding long-term projects where the total cost is higher than the amount of funds available to the purchaser at the start time. This leads to a partial obligation of funds, which is then changed incrementally as additional funds become available.

Smart SAP Assistant

• Key Concepts: 
  Incremental funding is a feature of the PSM-GPR Procurement for Public Sector component of SAP. It allows for the gradual release of funds to a project over time, rather than all at once. This helps to ensure that the project is completed in a timely manner and that funds are not wasted.
  
  How to use it: 
  In order to use incremental funding, you must first set up the project in SAP. This includes setting up the budget, timeline, and other details. Once this is done, you can then set up incremental funding for the project. This involves setting up a schedule of payments that will be released over time as the project progresses.
  
  Tips & Tricks: 
  When setting up incremental funding, it is important to make sure that the payments are released at appropriate times throughout the project. This will help ensure that the project is completed on time and that funds are not wasted. Additionally, it is important to keep track of the payments and make sure they are released as scheduled.
  
  Related Information: 
  For more information on incremental funding in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this feature in SAP.