What is 'receipt reimbursement' in SAP AP-ERM - FIN-Expense and Reimbursement Management?

receipt reimbursement - Overview

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: The reimbursement of expenses based on receipts.

receipt reimbursement - Details

• 
  Key Concepts: 
  Receipt reimbursement is a process in SAP's Expense and Reimbursement Management (ERM) component of the Accounts Payable (AP) module. It allows employees to submit expense reports and be reimbursed for their expenses. The process involves submitting receipts, verifying the accuracy of the expenses, and then reimbursing the employee. 
  
  How to use it: 
  To use receipt reimbursement in SAP, an employee must first submit an expense report with all relevant receipts. The report is then reviewed by an authorized user to verify that the expenses are accurate and valid. Once approved, the employee is reimbursed for their expenses. 
  
  Tips & Tricks: 
  When submitting an expense report, make sure to include all relevant receipts and information. This will help ensure that the report is approved quickly and that you are reimbursed for your expenses in a timely manner. 
  
  Related Information: 
  For more information on SAP's Expense and Reimbursement Management component, please visit SAP's website at https://www.sap.com/products/erp/expense-management.html.