What is beneficiary in SAP LOD-TEM - Travel OnDemand?

SAP Term: beneficiary

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: An additional participant, either employee or nonemployee, assigned to an expense incurred for a specific expense type, such as entertainment or gifts.

Smart SAP Assistant

• Key Concepts: 
  A beneficiary in the context of SAP LOD-TEM Travel OnDemand is a person or organization that is eligible to receive payments from the system. This could include employees, vendors, or other third parties. The beneficiary must be registered in the system in order to receive payments. 
  
  How to use it: 
  In order to add a beneficiary to the system, the user must first create a profile for them. This includes entering their name, address, and other relevant information. Once the profile is created, the user can then add them as a beneficiary and assign them a payment method. 
  
  Tips & Tricks: 
  When creating a beneficiary profile, it is important to make sure all of the information is accurate and up-to-date. This will ensure that payments are sent to the correct person or organization. Additionally, it is important to keep track of all beneficiaries in the system in order to ensure that payments are made on time. 
  
  Related Information: 
  For more information on how to use SAP LOD-TEM Travel OnDemand, please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tutorials and tips on how to use this software.