What is 'German settlement' in SAP SRD-FIN-ERM - FIN-Travel and Expense Management?

German settlement - Overview

• Component: SRD-FIN-ERM

• Component Name: FIN-Travel and Expense Management

• Description: Expense settlement based on German regulations.

German settlement - Details

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  Key Concepts: 
  German settlement is a feature of the SAP SRD-FIN-ERM FIN-Travel and Expense Management component. It allows for the automatic settlement of travel expenses incurred by employees. This feature helps to streamline the process of settling employee expenses, as it eliminates the need for manual entry and reconciliation. 
  
  How to use it: 
  To use German settlement, first configure the system to recognize the different types of expenses that can be settled. Then, when an employee incurs an expense, the system will automatically recognize it and settle it accordingly. The employee will then receive a notification that their expense has been settled. 
  
  Tips & Tricks: 
  When configuring German settlement, make sure to include all possible types of expenses that may be incurred by employees. This will ensure that all expenses are properly accounted for and settled in a timely manner. Additionally, it is important to ensure that all employees are aware of the German settlement process so they can properly submit their expenses for settlement. 
  
  Related Information: 
  German settlement is just one of many features available in the SAP SRD-FIN-ERM FIN-Travel and Expense Management component. Other features include travel request management, expense report management, and payment processing. Additionally, there are other components within SAP that can help streamline the process of managing employee expenses, such as SAP Concur and SAP Ariba.