What is 'over budget amount' in SAP EPM-SA - SAP Spend Performance Management?

over budget amount - Overview

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: A measure of the amount by which the total current spend exceeds the total budget.

over budget amount - Details

• 
  Key Concepts: 
  Over budget amount is a term used in SAP Spend Performance Management (EPM-SA) to refer to the amount of money that has been spent beyond the budgeted amount. This is an important metric for businesses to track, as it can indicate whether or not they are staying within their budget.
  
  How to use it: 
  The over budget amount can be tracked in SAP Spend Performance Management (EPM-SA) by setting up a budget and then tracking the actual spending against it. This will allow businesses to see how much they have spent beyond their budgeted amount.
  
  Tips & Tricks: 
  It is important to keep track of the over budget amount on a regular basis, as this can help businesses identify areas where they are overspending and take corrective action. Additionally, businesses should also consider setting up alerts when the over budget amount reaches a certain threshold, so that they can take action quickly.
  
  Related Information: 
  The over budget amount is closely related to other metrics such as cost savings and cost avoidance. Additionally, it is also important to consider other factors such as market conditions and supplier pricing when tracking the over budget amount.