Snapshot of SAP PSM Public Cloud Edition 2402
Here is the Snapshot of SAP Best Practices for SAP S/4HANA Cloud Public Edition, Public Sector, Version 2402, while we are waiting for the August'24 (2408) release.
Refer to the SAP Signavio Process Navigator for more information.
Government Budget Planning (6UC)
Source: SAP
Business View
Plan expenses, revenue, and projects of an organizational entity for future fiscal years or periods by following a simplified business process·
Analyze the budget and consumption processes effectively and minimize the risks involved by optimizing the financial results of an organization.
Process View
Access reference data of Budget and Actuals of previous fiscal years or periods relevant for the planning activities
Operational Expense Planning
Operational Revenue Planning
Project Planning
Solution View
Budget Execution
Budget Maintenance
Budget & Financial Closing and Reporting
Other
Activation is required as it is not activated by default.
Countries relevant to the solution are Canada, Germany & US
Government Budget Management (6YU)
Source: SAP
Business View
Maintain and monitor the allocation, distribution, or changes of approved budgets
Plan, standardize, schedule, and monitor financial and budget close activities
Automate and streamline budget processes, and reduce manual effort
Optimize closing of open commitments and financial and managerial accounting
Immediate budget availability checking to ensure regulatory compliance
Real-time reporting to aid in time-sensitive managerial decisions
Process View
Manage funds
Manage budget periods
Manage functional areas
Upload budget data
Perform budget transfers
Execute budgetary reports
Solution View
Budget Execution
Budget Maintenance
Budget & Financial Closing and Reporting
Other
Activation is required as it is not activated by default.
Additional Cloud License is required.
PSM Bundle / Government Budget must be selected as Scope Item Usage Pre-Condition\
Central Business Configuration is required
Countries relevant to the solution are Canada & Germany
Grants Management (71S)
Source: SAP
Business View
Identify, obtain, and record all funding related to grants received
Record the tasks and activities related to managing the sponsored programs and furthering the sponsor’s and organization’s objectives
Bill and record sponsor amounts
Record and report all related costs, revenues, and required statistical information
Differentiate between eligible and ineligible costs
Process View
Manage sponsored programs
Manage sponsored classes
Manage grants
Execute the commitment/actuals report
Solution View
Grant Budget Management
Grant Posting Control, Overhead, and Cost Sharing
Grants Billing and Receivables
Grant Closeout
Grant Reporting
Other
Activation is required as it is not activated by default.
Additional Cloud License is required.
PSM Bundle / Government Budget must be selected as Scope Item Usage Pre-Condition
Central Business Configuration is required
Countries relevant to the solution are Canada & Germany
Fund Accounting (7AU)
Source: SAP
Business View
Reduction of manual processes
Simplify production of statutory financial reports
Facilitates creation of cash flow reporting
Provide an overview of key performance indicators for the fund accountant
Automatically distribute interest to destination funds and grants based on defined rules; average daily balance calculated on funds and grants
Process View
Manage interest apportionment and schedule interest apportionment jobs to record and distribute interest from the treasurer’s fund to participating funds
Display an overview of key performance indicators for reporting of funds and fund types in the general ledger, fixed assets, treasury and risk management
Manage functional areas and global hierarchies
Post cash with the treasurer’s fund
Post with the payroll agency fund
Solution View
Budget Execution
Budget Maintenance
Budget & Financial Closing and Reporting
Other
Activation is required as it is not activated by default.
Additional Cloud License is required.
PSM Bundle / Government Budget must be selected as Scope Item Usage Pre-Condition
Countries relevant to the solution are Canada & Germany
Earmarked Funds (78S)
Source: SAP
Business View
Record encumbrances to reserve budget
Immediate budget availability checking
Usage/reduction in procurement and FI documents
Process View
Manage earmarked funds documents
Reduce earmarked funds documents using subsequent documents
Solution View
Budget Execution
Other
Activation is required as it is not activated by default.
Additional Cloud License is required.
PSM Bundle / Government Budget must be selected as Scope Item Usage Pre-Condition
Central Business Configuration is required
Countries relevant to the solution are Canada & Germany
Disclaimer: The details presented above have been sourced from various references and are intended for informational use exclusively. Kindly consult SAP as the primary source of this information.
For any assistance, reach out to Team Mondial RIC at team@mondialric.com.