Invoice verification in SAP is an often misunderstood subject, despite its central role in contributing to a company's fiscal health. Adding to the confusion is the fact that it falls between two teams the MM team and the FI team and each assumes that the other is responsible for the design and configuration of Invoice Verification. Although the process can be streamlined, many organizations get the design and use of invoice verification wrong, resulting in vendors not being paid and accounts being placed on stop, which prevents further Purchase Orders from being processed until the vendor has been paid.
The aim of this book is to help readers fully understand the invoice verification process, particularly the changes in ERP 6.0. If they get the design right, then the process will run smoothly and vendors will be paid on time (not too early either). User input can be kept to a minimum and much of the process can be automatic. There are one or two basic mistakes that are made during the design of the process and the guide highlights these (and many other confusing areas), and describes, in simple terms, the options available along with the consequences of getting it wrong.
- Learn Everything You Need for Invoice Verification and its Role in FI and MM
- Keep User Input at Minimum and Automate the Process
- Discover Best Practices to Configure and Maximize the USe of this FUnctionality
- Avoid Commonly-Made Mistakes
Stephen Birchall has more than 34 years of IT consulting experience and has spent the last 24 years as a SAP consultant. Stephen has expansive knowledge of SAP systems and modules, his primary area of expertise is SAP MM and AP processes. Stephen worked as a Lead Logistics Trainer at the SAP UK training center for 4 years, delivering a wide spectrum of SAP logistics courses including Invoice Verification / AP courses. In each of those 4 years 1995/6/7 and 8 SAP identified Stephen as the highest rated SAP trainer in the UK. While at the training center in the UK, Stephen single-handedly delivered the 5 week MM Academy ten times, back-to-back and loved every minute of it! Mr. Birchall was asked by SAP AG to write some additional exam questions for SAP's MM exam. Stephen's enthusiasm for SAP software is based on his first-hand experience of its capabilities on various projects at several major organizations, including several assignments for Deloitte, Accenture, SAP and HCL Axon. As a consultant, Stephen has experience in a wide variety of industries, ranging from the music industry to pharmaceutical organizations.
