Funds Management component is a part of the SAP Public Sector Management (SAP-PSM) module, which is primarily used by public institutions, agencies, and non-profit organizations to manage their finances. This module integrates various functions such as budget formulation, preparation, execution, and reporting, while adhering to management standards. Funds management involves tracking the flow of funds from source to application and is a crucial task for public sector organizations.
In this implementation guide, a business scenario with an end to end cycle in Funds Management is discussed under following configuration tasks:
- Organization Structure
- Master Data
- Accounting Assignment
- Controlling Assignment
- Budget Structure
- Derivation Rules
- Availability Control
- Status Management