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

credit card currency - Overview

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: The currency used on the credit card bill sent by the credit card issuer. This does not always match the home currency of the employee.

credit card currency - Details

• 
  Key Concepts: 
  Credit card currency is a feature of the LOD-TEM Travel OnDemand component of SAP. It allows users to enter the currency of their credit card when making a payment, and the system will automatically convert it to the currency of the company’s accounts. This helps to ensure that payments are made in the correct currency and that any discrepancies are quickly identified. 
  
  How to use it: 
  To use credit card currency, users must first enter their credit card information into the system. Once this is done, they can select the currency of their credit card from a drop-down menu. The system will then automatically convert the payment to the company’s accounts currency. 
  
  Tips & Tricks: 
  It is important to ensure that all payments are made in the correct currency, as this can help to avoid discrepancies and delays in processing payments. Additionally, it is important to check that the exchange rate used by the system is up-to-date and accurate. 
  
  Related Information: 
  For more information on using credit card currency in SAP, please refer to the official SAP documentation. Additionally, there are many online resources available which provide tips and advice on using this feature.