Join Sarah and Daniel as they discuss Grants Management in SAP S/4HANA Cloud Public Edition, Public Sector and how to manage financial resources in public sector organizations. Select the following video to begin!
Introduction - Business Scope
This course covers the management of grants from a grantee perspective. The grantee organization receives sponsored funds from a sponsor (grantor) and adheres to common requirements (such as cost sharing) specified in a grant contract.
Grants Management enables a grantee organization to manage a grant from award to closure, co-fund a grant, perform tasks related to grant funded projects, invoice, and report back to the sponsor. The grantee organization can record, analyze, and report the usage of grant funding as prescribed by the sponsor.
Prerequisites
To use SAP Grants Management, you must include the following scope items:
- 4GX Grants Management
- 3QE Government Budget Management
Note
Government Budget Management is required to distinguish internal from external funds for the purpose of cost sharing.Apply Rules of the Sponsor
In the following section, we examine a collection of questions that generally occur when you manage a grant. Some of these questions are relevant from the very beginning; others are only when the grant has been awarded.
Grants Management for Grantee offers functionality for these topics.
Grants Management for Grantee handles all of the rules set down by the sponsor in a flexible way. You can customize rules for each grant or sponsor so that the system accounts for different sponsors at the same time, even if some of the sponsors require contradictory processes.
SAP Grants Management
What kind of expenses will the sponsor fund? They will fund sponsored classes/programs in the Grant Master. Master Data Derivation and Posting Control, which are concerned by the following:
What stages will the grant go through? Grant Lifecycle and Workflow Approval
How do you budget and consume the grant? Budgeting, Availability, and Posting Control
How do you calculate overhead costs? Indirect Costs (IDC)
How much does the grantee organization have to contribute? Internal/External Funding for Cost Sharing
How do you consider revenues? Program Income and Revenue Increasing the Budget
How do you bill the sponsor and when? Manual and Automatic Billing