Which baseline configurations are included in the template realm?

The template realm in SAP Ariba encompasses various baseline configurations that are essential for establishing a standardized procurement process. This includes a set of predefined configurations that streamline and enhance the functionality of the procurement practices.

Approval processes are crucial as they define the routing and authorization required for procurement transactions. By having a predefined approval process in the template realm, organizations can ensure compliance and streamline decision-making.

Ariba Network transaction rules are also included, providing guidelines on how transactions should be conducted on the Ariba Network. These rules help in maintaining consistency and clarity in all transactional activities, ensuring that they align with the organization's procurement policies and practices.

Additionally, invoice exception types are part of this configuration template. They categorize different invoice discrepancies that might arise during procurement activities. By having these predefined exception types, organizations can efficiently handle and resolve invoice issues, thereby reducing processing time and increasing accuracy in financial management.

Therefore, the inclusion of all these components – approval processes, Ariba Network transaction rules, and invoice exception types – in the template realm enables organizations to effectively leverage the system's capabilities and maintain a coherent and efficient procurement process. This comprehensive approach is why the correct answer encompasses all of the listed elements.