What is redeemable point in SAP CRM-MKT-MPL-LOY - Loyalty Marketing?

SAP Term: redeemable point

• Component: CRM-MKT-MPL-LOY

• Component Name: Loyalty Marketing

• Description: Point type that can be earned towards additional benefits or services for members of a loyalty program. Redeemable points can be transferred between members of a loyalty program, or be converted from one point type to another.

Smart SAP Assistant

• Key Concepts: 
  A redeemable point is a type of loyalty program offered by SAP. It is a way for customers to earn rewards for their purchases. Customers can accumulate points over time and then redeem them for rewards such as discounts, free products, or other incentives. 
  
  How to use it: 
  In order to use the redeemable point system, customers must first register with the loyalty program. Once registered, customers can start accumulating points with each purchase they make. The points can then be redeemed for rewards at any time. 
  
  Tips & Tricks: 
  It is important to keep track of the points that have been accumulated and redeemed in order to ensure that customers are getting the most out of their loyalty program. Additionally, customers should be aware of any expiration dates associated with their points so that they do not miss out on any rewards. 
  
  Related Information: 
  The redeemable point system is part of the CRM-MKT-MPL-LOY Loyalty Marketing component of SAP. This component also includes other features such as customer segmentation, loyalty program management, and customer analytics.