What is cash advance in SAP BNS-CON - Concur?

SAP Term: cash advance

• Component: BNS-CON

• Component Name: Concur

• Description: An advance of funds for travel.

Smart SAP Assistant

• Key Concepts: 
  Cash advance is a feature in SAP Concur that allows employees to request an advance on their expense reimbursement. This feature allows employees to receive funds before their expenses are approved and reimbursed. The cash advance is then deducted from the employee’s reimbursement when it is approved. 
  
  How to Use It: 
  To use the cash advance feature, an employee must first submit a request for an advance. This request must include the amount of the advance, the purpose of the advance, and any other relevant information. Once the request is approved, the employee will receive the funds in their bank account. 
  
  Tips & Tricks: 
  When requesting a cash advance, it is important to provide as much detail as possible about the purpose of the advance. This will help ensure that the request is approved quickly and that the employee receives their funds in a timely manner. 
  
  Related Information: 
  The cash advance feature in SAP Concur is part of its Expense Management solution. This solution also includes features such as expense reporting, approval workflows, and payment processing.