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

SAP Term: incremental funding request

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A means of committing funds at the time a review decision is met for an incrementally funded contract or purchase order. This reserves the funds in SAP ERP Funds Management and ensures that they are available when the user modifies the purchase order.

Smart SAP Assistant

• Key Concepts: 
  Incremental funding request is a feature of the SAP PSM-GPR Procurement for Public Sector component. It allows public sector organizations to request additional funding from their government or other funding sources for specific projects. This feature helps organizations manage their budget and ensure that they have the necessary funds to complete their projects.
  
  How to use it: 
  To use the incremental funding request feature, an organization must first create a project in the SAP PSM-GPR Procurement for Public Sector component. Once the project is created, the organization can then submit a request for additional funding. The request will include details about the project, such as its scope, timeline, and budget. The organization can then track the progress of their request and receive updates on its status.
  
  Tips & Tricks: 
  When submitting an incremental funding request, it is important to provide as much detail as possible about the project. This will help ensure that the request is approved quickly and that the organization receives the necessary funds in a timely manner. Additionally, it is important to keep track of all requests and their status so that any changes or updates can be addressed quickly.
  
  Related Information: 
  For more information about the incremental funding request feature of SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about this feature and how to use it effectively.