What is travel expense in SAP LOD-TEM - Travel OnDemand?

SAP Term: travel expense

• Component: LOD-TEM

• Component Name: Travel OnDemand

• Description: A cost incurred by an employee during a business trip on behalf of the company.

Smart SAP Assistant

• Key Concepts: 
  Travel expense is a term used to describe the costs associated with business travel. This includes airfare, hotel stays, meals, and other related expenses. SAP's Travel OnDemand (LOD-TEM) is a cloud-based solution that helps companies manage their travel expenses. It provides an easy-to-use interface for creating and managing travel requests, tracking expenses, and generating reports. 
  
  How to use it: 
  To use Travel OnDemand, users must first create a travel request. This includes entering the destination, dates of travel, and estimated costs. Once the request is approved, users can book flights and hotels directly from the system. They can also track their expenses in real time and generate reports to view their spending. 
  
  Tips & Tricks: 
  When creating a travel request, it's important to include as much detail as possible. This will help ensure that all necessary information is included in the request and that it is approved quickly. Additionally, users should take advantage of the system's reporting capabilities to track their spending and ensure they stay within budget. 
  
  Related Information: 
  For more information on SAP's Travel OnDemand solution, visit the official website at https://www.sap.com/products/travel-on-demand.html. Additionally, there are several online tutorials available that provide step-by-step instructions on how to use the system.