What is private stay in SAP AP-ERM - FIN-Expense and Reimbursement Management?

SAP Term: private stay

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: A stay that takes place during a business trip but that has no business purpose and for which no expenses are reimbursed to the expense reporter.

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• Key Concepts: 
  Private stay is a feature of SAP ERM (Expense and Reimbursement Management) that allows employees to book private stays for business trips. It enables employees to book private accommodation for their business trips, such as hotels, apartments, or other types of lodging. Private stays are booked through the SAP ERM system and are paid for by the company. 
  
  How to use it: 
  To book a private stay, an employee must first log into the SAP ERM system. Once logged in, they can search for available accommodations in the area they are traveling to. Once they have found an accommodation that meets their needs, they can book it through the system. The cost of the accommodation will be charged to the company’s account. 
  
  Tips & Tricks: 
  When booking a private stay, it is important to make sure that the accommodation meets all of the company’s requirements. This includes making sure that it is within budget and meets any safety or security requirements. Additionally, it is important to make sure that the accommodation is available on the dates that you need it. 
  
  Related Information: 
  Private stays are just one of many features offered by SAP ERM. Other features include travel expense management, travel policy management, and travel approval processes. Additionally, SAP ERM offers integration with other SAP systems such as SAP Ariba and SAP Concur.