Predictive Accounting for Travel and Expense Management (4Q0)

Predictive Accounting for Travel and Expense Management (4Q0)

Use the integration between Travel and Expense Management in SAP Concur and Finance in SAP S/4HANA Cloud to forecast the impact of your employees' business trips on the budget planned and allocated to cost centers or projects.

Key Process Steps Covered

  • Create travel request in SAP Concur
  • Create a predictive journal entry automatically in SAP S/4HANA Cloud including commitment creation (cost center or project budget check, if activated)
  • Create expense reports with reference to the travel request in SAP Concur
  • Post expense reports automatically and reduce commitment

Benefits

  • Integrate travel requests between SAP Concur and SAP S/4HANA Cloud
  • Use a deeply integrated travel request process with commitments and automatic budget check functionality
  • Extend the reach of traditional accounting

Additional Information

  • This scope item is excluded from the default activation

This scope item is excluded as this functionality can create high amounts of data volume and can impact performance. Only activate this scope item if the customer explicitly wants to implement Commitment Management for travel expenses with Concur Travel & Expense Management.


Where is Predictive Accounting for Travel and Expense Management(4Q0) being used?

This Scope item is used in the following way:

  • As a support function of Accounting and Financial Close within Finance Scope Item Group
  • As a management function of Cost Management and Profitability Analysis within Finance Scope Item Group

Process flow of Predictive Accounting for Travel and Expense Management (4Q0)

Find below the process flow of the scope item Predictive Accounting for Travel and Expense Management as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Predictive Accounting for Travel and Expense Management (4Q0) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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