What is expense management in SAP LO-GT - Global Trade Management?

SAP Term: expense management

• Component: LO-GT

• Component Name: Global Trade Management

• Description: Retail IS-R A function in the solution with which trading business expenses can be planned and settled.

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• Key Concepts: 
  Expense management in SAP LO-GT Global Trade Management is a process that helps companies manage their expenses related to international trade. It includes tracking and managing costs associated with customs duties, taxes, and other fees associated with international trade. It also helps companies to optimize their global trade operations by providing visibility into the costs associated with each transaction. 
  
  How to use it: 
  Expense management in SAP LO-GT Global Trade Management can be used to track and manage costs associated with international trade. It provides visibility into the costs associated with each transaction, allowing companies to optimize their global trade operations. The system also allows users to set up rules and regulations for managing expenses related to international trade. 
  
  Tips & Tricks: 
  When using expense management in SAP LO-GT Global Trade Management, it is important to ensure that all costs associated with each transaction are accurately tracked and managed. Additionally, it is important to set up rules and regulations for managing expenses related to international trade in order to ensure compliance with local laws and regulations. 
  
  Related Information: 
  For more information on expense management in SAP LO-GT Global Trade Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/LO-GT/latest/en-US