![]() ![]() ![]() Setting up upper and lower tolerances, both in value and percentage, ensures invoices aren't unnecessarily blocked for payment, while those exceeding the tolerances must undergo necessary scrutiny to prevent audit objections. It's common to have a minor difference between the purchase order amount and the invoice amount. This ensures nothing critical is left out. ![]() When creating a vendor master record, make sure that important fields, such as a vendor's payment terms or bank information, are created as mandatory entries. While the list below is not exhaustive, here are 10 tips to build better business controls for the procure-to-pay cycle in SAP Materials Management (MM). Goods are received with reference to a purchase order, followed by the receipt of a vendor invoice for the goods delivered and, finally, a payment to the vendor. To this end, the Materials Management component of SAP ERP Central Component offers several business controls for the procure-to-pay cycle.Ī typical procure-to-pay cycle entails a user creating a purchase requisition for the materials or services required that then get approved and eventually converted to a purchase order. ![]()
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