What is reduced maximum rate in SAP FI-TV - Travel Planning?

SAP Term: reduced maximum rate

• Component: FI-TV

• Component Name: Travel Planning

• Description: The maximum amount is reduced according to German law for each day on which the business trip did not last more than 12 hours as follows: Duration of trip - Maximum amount More than 10 hours = 80% of full rate More than 8 hours = 60% of full rate More than 6 hours = 30% of full rate Less than 6 hours = 30% of full rate

Smart SAP Assistant

• Key Concepts: 
  Reduced maximum rate is a feature in the FI-TV Travel Planning component of SAP that allows users to set a maximum rate for travel expenses. This rate can be lower than the standard rate, allowing users to save money on travel expenses. 
  
  How to use it: 
  To use the reduced maximum rate feature, users must first set up the standard rate for travel expenses. This can be done in the Travel Planning configuration settings. Once the standard rate is set, users can then set a reduced maximum rate for specific trips or for all trips. The reduced maximum rate will then be applied to all travel expenses associated with that trip or all trips. 
  
  Tips & Tricks: 
  When setting up the reduced maximum rate, it is important to make sure that the rate is lower than the standard rate. This will ensure that users are able to save money on their travel expenses. Additionally, it is important to keep track of any changes made to the reduced maximum rate, as this could affect the total cost of a trip. 
  
  Related Information: 
  For more information on setting up and using the reduced maximum rate feature in FI-TV Travel Planning, please refer to SAP's official documentation. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.