What is spending limit in SAP (SRM-EBP-WFL - Workflow)?

SAP Term: spending limit

• Component: SRM-EBP-WFL

• Component Name: Workflow

• Description: The maximum value a shopping cart can have before it requires approval.

AnswerBot for ERP

• Key Concepts: 
  A spending limit is a feature of the SRM-EBP-WFL Workflow in SAP that allows users to set a maximum amount of money that can be spent on a particular purchase. This limit is enforced by the system and any purchase requests that exceed the limit will be rejected. The spending limit can be set for individual users, groups of users, or even entire organizations. 
  
  How to use it: 
  To set a spending limit in the SRM-EBP-WFL Workflow, users must first log into their SAP account. Once logged in, they can navigate to the “Workflow” tab and select “Spending Limit” from the drop-down menu. From there, they can enter the desired spending limit and click “Save” to apply it. 
  
  Tips & Tricks: 
  When setting a spending limit, it is important to consider the needs of the organization and ensure that the limit is not too restrictive. It is also important to remember that spending limits are enforced by the system and cannot be overridden by users. 
  
  Related Information: 
  For more information about setting spending limits in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SRM_EBP_WFL/7.5/en-US/f9f8d3a2b6c14e8a9f3d7c2b1e4d7f2a.html