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

SAP Term: corporate credit card

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A credit card issued in the company name to employees.

Smart SAP Assistant

• Key Concepts: 
  A corporate credit card is a payment card issued by a company to its employees for business expenses. It is used to pay for goods and services related to the company’s operations. The corporate credit card is linked to the company’s bank account and the employee is responsible for paying back the amount spent. 
  
  How to use it: 
  The corporate credit card can be used to pay for travel expenses, such as airfare, hotel stays, car rentals, and meals. It can also be used to purchase office supplies, equipment, and other business-related items. The employee must provide receipts for all purchases made with the corporate credit card. 
  
  Tips & Tricks: 
  When using a corporate credit card, it is important to keep track of all purchases and ensure that they are within the company’s budget. It is also important to keep receipts for all purchases made with the corporate credit card in order to ensure that they are properly accounted for. 
  
  Related Information: 
  The LOD-TEM Travel OnDemand component of SAP provides an integrated solution for managing corporate credit cards. This component allows companies to manage their corporate credit cards in one place, including tracking spending, setting limits, and reconciling expenses. It also provides detailed reporting on spending patterns and trends.