Robotic Process Automation on Payment processing based on Purchase Order / Invoice number

FIN (Finance)

Background In procurement process in large corporate generally raise a bulk (Monthly/Quarterly/Half yearly/Yearly) Purchase Order (PO) on Vendor/Business partner based on the business Sales plan. Delivery and Invoicing from the supplier can be in multiples. As a business process, payments are processed against a Purchase Order rather on individual deliveries. When a customer is invoiced […]

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SAP Procure to Pay Process(P2P)Different Scenarios-Part-3

FIN (Finance)

Introduction: In this document, I would like to explain the different scenarios in the procurement process. The procurement process starts from purchase requisition and ends with payment to the vendor. Hence this process is popular with the word ‘P2P’ Process. It deals with procuring materials, services, different contracts associated with procurement. I have explained few […]

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SAP Procure to Pay Process(P2P)Different Scenarios-Part-2

FIN (Finance), SAP S/4HANA Cloud

Introduction In this document, I would like to explain the different scenarios in the procurement process. The procurement process starts from purchase requisition and ends with payment to the vendor. Hence this process is popular with the word ‘P2P’ Process. It deals with procuring materials, services, different contracts associated with procurement. I have explained few […]

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SAP Procure to Pay Process(P2P)Different Scenarios-Part-1

FIN (Finance)

Introduction (P2P – Process) In this document, I would like to explain the different scenarios in the procurement process. The procurement process starts from purchase requisition and ends with payment to the vendor. Hence this process is popular with the word ‘P2P’ Process. It deals with procuring materials, services, different contracts associated with procurement. I […]

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Intercompany Reconciliation (Customer/Vendor: Process 003)

FIN (Finance)

Introduction: The purpose of intercompany reconciliation is to facilitate the organization for group level reporting. Today, the graph of industries with their subsidies are increasing on global level resulting, the huge amount of transactions are being generated between a subsidiary and it’s parent company or between two parent companies or between two subsidies of a […]

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