The activities associated with reconciling purchase orders, receipts and supplier invoices and approving supplier invoice payment. Reconciliation typically includes verifying delivered volumes, price, application of penalties or discounts and where applicable verification of grade or quality.
For S1 and Source-to-Order contracts the verification typically is a standardized, repeatable process. S3 may require more extensive verification.
Discrepancies should be resolved before the Approve Payment process is considered completed.
Use Cases
- Standard supplier invoice verification
- Self Billing Invoice
- Verifying and approving monthly consolidated invoices (statements)
- Requesting, receiving and approving supplier Credit and Debit Memos
- In a tolling arrangement: Receiving, verifying and approving the invoices for tolling fees
Notes
The actual disbursement of funds is a financial process. The Approve Payment process is an operational validation that the invoice conforms to agreed and/or actual deliveries and all delivery conditions are met.
Source-to-Pay
2WM
3WM
4WM
Accounts Payable
Hierarchy
| ID | Name | Level | x | | S1 | Source-to-Replenish | 2 | S1 |
| S107 | Approve Payment | 3 | S107 |
Workflow
Note: Common inputs and outputs are listed in alphabetical order. Other inputs and outputs may be required to support varying use cases.Approve Payment Source-to-Replenish 5210700 3 {{{keywords}}} {{{description}}}