This gets emailed to the coder and their manager can see how many Dps are wtih them, how long have they been sitting with them etc. the invoice gets approved by the initial person and then it goes to the inbox of the coder who will need to enter the G/L account info. Within the DP you can setup various rules, e.g.
It maps most of the fields and then a DP is created. The system does all the heavy lifting for us.
The amount is mapped to the amount column and so on. It will then look at the invoice data and map it to the SAP invoice date. The OCR solution of VIM reads for e.g the vendor name from the invoice and then finds the vendor number in SAP and enters that in the vendor number field. They have two optionsġ- They can simply email the invoice to an email address and that extracts information from the pdf and creates what is called as a DP. It is important to first understand the pains of the business before understanding the solution. Let’s look at what exactly VIM does and how it helps the business. There are advantages of paying in bulk getting, better payment terms and obviously paying on time as we just discussed would be one of the things that what we want from our AP department. What we want to do is, to reduce our cost. Maybe the invoice hasn't been approved by the right person at the right time people do not know that someone was waiting on them to approve this invoice.Īnd those are the sort of issues that could happen.
We are paying a lot more than we should have just because we did not pay on time.Īnd a lot of times why don't we pay on time? It's because there's a problem with the system may be the invoice hasn't been entered properly. If there are any delays in payments, it is going to be expensive for us because that's going to either make the vendor mad and we might lose out on some business or there might be some penalties that s that we have to pay. The next thing you want to do is that you want to pay on time.
It is not going upset him if you pay more obviously 🙂 ,But when your managerĪnd if you pay the vendor less than the invoice amount of $100, the vendor is going to call us and ask for his payment. if the vendor invoices us for 100$ We want to make sure we pay that when we pay him money, it is the same amount as the invoice. What do we expect from our AP department? We want them to pay the right amounts, right? We want to pay the right amount to the right vendor e.g. Let's look at what exactly do we need from vendors right now? What exactly does VIM do and why is it popular? VIM is a product of Opentext and it is highly popular module of SAP. Vendor invoice management or VIM as it is popularly known is an add on to SAP.
0 kommentar(er)
