What is 'day comparison rate' in SAP AP-ERM - FIN-Expense and Reimbursement Management?

day comparison rate - Overview

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A value that is compared with the total amount of the meal receipts submitted by the expense reporter for a day, in order to calculate the reimbursement amount and the inclusive tax-exempt amount.

day comparison rate - Details

• 
  Key Concepts: 
  Day comparison rate is a feature of SAP’s Expense and Reimbursement Management (AP-ERM) component. It allows users to compare the exchange rate of a currency on different days. This helps users to determine the most cost-effective time to make a purchase or payment in a foreign currency. 
  
  How to use it: 
  To use the day comparison rate feature, users must first select the currency they wish to compare. They can then enter two dates and the system will display the exchange rate for each date. This allows users to compare the rates and determine which date is more cost-effective for their transaction. 
  
  Tips & Tricks: 
  It is important to note that day comparison rate only works with currencies that are supported by SAP’s Expense and Reimbursement Management component. Additionally, users should be aware that exchange rates can fluctuate quickly, so it is important to check the rates regularly in order to get the most up-to-date information. 
  
  Related Information: 
  For more information about SAP’s Expense and Reimbursement Management component, please visit the SAP website at https://www.sap.com/products/expense-reimbursement-management.html. Additionally, you can find more information about day comparison rate on SAP’s Knowledge Base at https://help.sap.com/viewer/product/SAP_ERP_FINANCIALS/6.0/en-US/f9f3d7a8b2e14c8a9f7d3c2b5f9a4d1e.html?q=day%20comparison%20rate.