What is spend in SAP (BNS-CON - Concur)?

SAP Term: spend

• Component: BNS-CON

• Component Name: Concur

• Description: A reporting term referring to the amount of money paid for expenses and invoices spent by employees for business-related travel and purchases.

Smart SAP Assistant

• Key Concepts: 
  Spend is a term used in SAP Concur to refer to the total amount of money that an organization has spent on a particular item or service. It includes all costs associated with the purchase, including taxes, shipping, and other fees. Spend is tracked in SAP Concur to help organizations better manage their finances and ensure that they are not overspending. 
  
  How to Use It: 
  In SAP Concur, spend can be tracked by creating a budget for each item or service that an organization purchases. This budget can be set up to track the total amount of money spent on the item or service, as well as any taxes, shipping, and other fees associated with the purchase. Once the budget is set up, SAP Concur will track all spending associated with the item or service and alert users when they are approaching or exceeding their budget. 
  
  Tips & Tricks: 
  When setting up a budget for an item or service in SAP Concur, it is important to include all costs associated with the purchase. This includes taxes, shipping, and any other fees that may be associated with the purchase. Additionally, it is important to regularly review spending in SAP Concur to ensure that budgets are not being exceeded. 
  
  Related Information: 
  For more information on how to use SAP Concur to track spending, please visit the SAP Concur website at https://www.sapconcur.com/en-us/solutions/spend-management/. Additionally, there are many online resources available that provide tips and tricks for using SAP Concur to better manage spending.