What is voucher expiration in SAP CEC-EMA-LOY - Emarsys Loyalty?

SAP Term: voucher expiration

• Component: CEC-EMA-LOY

• Component Name: Emarsys Loyalty

• Description: Controls the duration until the voucher is visible in the Wallet for the Loyalty member.

Smart SAP Assistant

• Key Concepts: 
  Voucher expiration is a feature of the CEC-EMA-LOY Emarsys Loyalty component of SAP software. It allows businesses to set an expiration date for vouchers, which are digital coupons that customers can use to redeem discounts or rewards. This feature helps businesses manage their loyalty programs more effectively by ensuring that customers use their vouchers before they expire. 
  
  How to Use It: 
  To use the voucher expiration feature, businesses must first create a voucher in the CEC-EMA-LOY Emarsys Loyalty component. Once the voucher is created, businesses can set an expiration date for it. This expiration date can be set for any length of time, from a few days to several months. Once the voucher has expired, customers will no longer be able to redeem it for discounts or rewards. 
  
  Tips & Tricks: 
  When setting an expiration date for a voucher, businesses should consider how long it will take customers to use the voucher. If customers are likely to take longer than the expiration date to use the voucher, businesses should consider extending the expiration date or offering additional incentives to encourage customers to use the voucher before it expires. 
  
  Related Information: 
  The CEC-EMA-LOY Emarsys Loyalty component also includes features such as customer segmentation and loyalty points tracking. These features can be used in conjunction with the voucher expiration feature to create more effective loyalty programs. Additionally, businesses can use analytics tools such as SAP Analytics Cloud to track customer behavior and gain insights into how their loyalty programs are performing.