What is 'annual spend' in SAP SAP-LEGAL - Global Field Legal?

annual spend - Overview

• Component: SAP-LEGAL

• Component Name: Global Field Legal

• Description: The total monetary amount of purchase orders created or transactions processed or captured in a contract year.

annual spend - Details

• 
  Key Concepts: 
  Annual spend is the total amount of money spent by an organization over a 12-month period. In the context of SAP-LEGAL Global Field Legal Spend Management, it is the total amount of money spent on legal services and related activities. 
  
  How to use it: 
  SAP-LEGAL Global Field Legal Spend Management allows organizations to track and manage their annual spend on legal services and related activities. It provides a comprehensive overview of all legal expenses, including budgeting, forecasting, and reporting. It also allows organizations to set up alerts for when spending exceeds certain thresholds. 
  
  Tips & Tricks: 
  When using SAP-LEGAL Global Field Legal Spend Management, it is important to ensure that all legal expenses are accurately tracked and reported. This will help organizations get a better understanding of their annual spend and make more informed decisions about their legal services. 
  
  Related Information: 
  For more information about SAP-LEGAL Global Field Legal Spend Management, please visit the SAP website at https://www.sap.com/products/legal-spend-management.html.