Actions

S107

Approve Payment

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. Procure-to-Pay 2WM 3WM 4WM Accounts Payable

Hierarchy

IDNameLevelx
S1Source-to-Replenish2S1
S107Approve Payment3S107

Term(s)

IDNameClearx
APAccounts PayableAP
4WMFour-Way Matching4WM
P2PProcure-to-PayP2P
3WMThree-Way Matching3WM
2WMTwo-Way Matching2WM

Workflow

FromInput(s)
Process
Output(s)To
wf_processwf_arrow
S104Certificate Of Analysis
D105Invoice
D205Invoice
D306Invoice
S107
wf_arrowwf_process
Verified InvoiceFinance
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 210700 3 {{{keywords}}} {{{description}}}