What is central travel account in SAP LOD-TEM - Travel OnDemand?

SAP Term: central travel account

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A centrally-billed account that allows companies to pay for travel expenses for multiple individuals within the organization.

Smart SAP Assistant

• Key Concepts: 
  Central travel account is a feature of SAP’s Travel OnDemand (LOD-TEM) component. It allows companies to manage their travel expenses in one central account, making it easier to track and manage expenses. The central travel account also allows companies to set up different levels of access for different users, ensuring that only authorized personnel can access the account. 
  
  How to use it: 
  To use the central travel account, companies must first set up the account in the Travel OnDemand component. This includes setting up the different levels of access for different users, as well as setting up the budget and other parameters for the account. Once the account is set up, users can then log in and start managing their travel expenses. 
  
  Tips & Tricks: 
  When setting up the central travel account, it is important to ensure that all users have the appropriate level of access. This will help ensure that only authorized personnel can access the account and make changes to it. Additionally, it is important to regularly review and update the budget and other parameters for the account to ensure that it is being used efficiently. 
  
  Related Information: 
  For more information on SAP’s Travel OnDemand component and how to use its features, including the central travel account, please visit SAP’s website at https://www.sap.com/products/travel-ondemand.html.