How do I add a new payment term in SAP Concur?

If you are a business owner or accountant, you may need to add a new payment term in SAP Concur in order to accurately track and manage your company's finances. This could be necessary if you are dealing with a new vendor or customer who requires a different payment term than what you currently have set up in SAP Concur. Knowing how to add a new payment term in SAP Concur will help you ensure that all of your financial transactions are properly recorded and tracked.