What is company-paid credit card in SAP LOD-TEM - Travel OnDemand?

SAP Term: company-paid credit card

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A personal corporate credit card issued to employees, with company liability and payment. Bills are sent directly to the company.

Smart SAP Assistant

• Key Concepts: 
  Company-paid credit cards are a type of corporate card that is issued to employees for business-related expenses. The company pays the credit card bill directly, rather than the employee. This type of card is typically used for travel expenses, such as airfare, hotel stays, and car rentals. 
  
  How to use it: 
  The company-paid credit card can be used to pay for business-related expenses. The employee must provide receipts for all purchases made with the card and submit them to the company for reimbursement. The company will then pay the credit card bill directly. 
  
  Tips & Tricks: 
  When using a company-paid credit card, it is important to keep track of all purchases and receipts. This will help ensure that the company is reimbursed for all expenses incurred. Additionally, it is important to be aware of any restrictions or limits that may be placed on the use of the card. 
  
  Related Information: 
  The LOD-TEM Travel OnDemand component of SAP provides a comprehensive solution for managing corporate travel expenses. It allows companies to set up and manage corporate cards, including company-paid credit cards, as well as track and manage employee travel expenses. It also provides detailed reporting capabilities to help companies monitor and control their travel spending.