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

reimbursement interval - Overview

• Component: AP-ERM

• Component Name: FIN-Expense and Reimbursement Management

• Description: The period of time on which per diem rates are based.

reimbursement interval - Details

• 
  Key Concepts: 
  Reimbursement interval is a feature of SAP’s Expense and Reimbursement Management (AP-ERM FIN) component. It is used to define the frequency of reimbursement payments for employees. The reimbursement interval can be set to daily, weekly, monthly, or yearly. 
  
  How to use it: 
  The reimbursement interval can be set up in the SAP system by going to the “Settings” tab in the AP-ERM FIN component. From there, select “Reimbursement Interval” and choose the desired frequency. Once the interval is set, all future reimbursements will be paid out according to that schedule. 
  
  Tips & Tricks: 
  It is important to note that the reimbursement interval cannot be changed once it has been set. Therefore, it is important to choose an interval that best suits the needs of your organization. Additionally, it is important to ensure that all employees are aware of the reimbursement schedule so that they can plan accordingly. 
  
  Related Information: 
  For more information on setting up and managing the reimbursement interval in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_FINANCIALS/6.0/en-US/f9f8d7a2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b3e14c8a9f7d3e2b