What is funding amount in SAP SAP-LEGAL - Global Field Legal?

SAP Term: funding amount

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The total sum of Assigned Funded Receivables, set out in the Funding Schedule, discounted using the discount rate stated in the Approval Letter and based on monthly compounding 30/360 basis to the Funding Date.

Smart SAP Assistant

• Key Concepts: 
  Funding amount is a term used in SAP-LEGAL Global Field Legal to refer to the total amount of money that is allocated for a particular project or activity. It is the total amount of money that is available for use in the project or activity. 
  
  How to Use It: 
  In SAP-LEGAL Global Field Legal, the funding amount is used to determine the budget for a particular project or activity. It is important to ensure that the funding amount is sufficient to cover all costs associated with the project or activity. The funding amount can be adjusted as needed, depending on the scope and complexity of the project or activity. 
  
  Tips & Tricks: 
  When setting a funding amount for a project or activity, it is important to consider all potential costs associated with it. This includes any additional resources that may be needed, such as personnel, materials, and equipment. Additionally, it is important to factor in any potential risks associated with the project or activity, such as delays or unexpected expenses. 
  
  Related Information: 
  The funding amount is closely related to other terms used in SAP-LEGAL Global Field Legal, such as budgeting and cost control. Additionally, it is important to understand how the funding amount affects other aspects of the project or activity, such as timelines and resource allocation.