Transforming Finance Operations with Touchless Record-to-Report by Redwood
1044 results
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Moving Average Price: Learn How It Functions in Project Stock and Figure Out How to Explain the Unexplainable
A lot can go wrong if you don’t understand moving average price. Sort out the complexities that arise when material movements, invoices, reversals, and purchase order history interact with moving average price. Understand both the cause and the cure for the frustration and confusion. Key Concept Materials that are entered into an SAP system as...…
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Post Invoices Automatically with ERS
The evaluated receipt settlement (ERS) lets your R/3 system post vendor invoices automatically without internal paper flow or manual verification steps. The author says that his company recently implemented ERS at a large public service organization. The task of posting approximately 100 daily invoices, which formerly required two full-time employees, now is completed in one...…
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Streamline Cross-Company Postings Using SAP Parallel Valuation and Transfer Pricing in an LIV Process
Learn how to implement SAP transfer pricing and parallel valuation in goods receipt and an accounts payable Logistics Invoice Verification (LIV) process. Key Concept Parallel valuation in an SAP system helps an organization with multiple legal entities or company codes to prepare for consolidation. Multinational companies can use transfer prices in their cross-company transactions through...…
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How to Deal with 12 Complex Business Scenarios in the Automotive and Other Aftermarkets
Based on numerous Fortune 500 implementations, this article details the SAP mappings and settings to be made in various scenarios in the aftermarket business. It shows how to meet the challenges using standard SAP systems, avoiding a lot of custom development. Although it is written with the automotive aftermarket in mind, it can benefit other...…
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Use a Three-Way Invoice Control Assessment to Reduce the Risk of Fraud and Money Loss
Learn how to measure and assess whether three-way match invoice control has been effectively implemented — in terms of security, segregation of duties (SoD), and processes — to reduce the risk of fraud and monetary losses over the procure-to-pay (P2P) process. Key Concept The three-way match invoice control in an SAP system is designed to...…
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Automate Payments to Multiple Vendor Bank Accounts
Configure your R/3 or mySAP ERP Central Component (ECC) system so that you can select a vendor’s bank from multiple bank accounts for automated payments. See three methods for creating a vendor invoice — manually with or without a purchase order, and automatically using Electronic Data Interchange — and how to use transaction F110 to...…
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How the GR-Based Invoice Verification Setting Affects Credit Memo Processing
The choice of whether to activate the GR-based invoice verification setting may seem inconsequential. However, this setting can have unforeseen repercussions, including inaccurate reconciliation figures. The author shows you what the GR-based invoice verification setting does and how it affects your bookkeeping. He also provides tips to help you avoid related processing errors. Key Concept...…
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Secure Your Revenue Stream: Ensure That SD Billing Document Invoices Are Posted in FI
It is possible to have an SD billing document without a corresponding FI invoice. This type of error can result in significant under-reporting of revenue. Take these steps to ensure all SD invoices are reflected accurately in FI-AR. Key Concept Two R/3 modules, SD and FI, cover the order-to-cash process. Invoicing represents the interface between...…
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How a Co-Product Differs from a By-Product
Understand the difference between a co-product and a by-product in production processes. Walk through both options and see the pros and cons of each. Key Concept In addition to the main material made during the production process of semi-finished or finished goods, additional products often are produced. These additionally produced materials can either be used...…
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Integration of SAP ERP System with External Invoicing System Via SAP XI
In this article, SAPinsider expert Dmitry Belan offers an inside look at how the Ascendo invoice accounts system works within the SAP landscape. It shows how users integrated the system to move data through to all necessary parts of the SAP ERP as well as SAP XI. This article describes an example of a solution…
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