Invoicing Beyond an ERP System
An appraisal of SAP’s native electronic invoicing capabilities, as an extension of ERP functionality, and how businesses can extend beyond these.
Excerpt from the white paper:
ERP systems are superb for planning enterprise resources, and are designed to do exactly that. However, this does not make them superb billing platforms. With all the purchase and delivery details held inside an ERP, it’s tempting to try and send invoices from here, too.
This is where things get complex.
For many large businesses, the range of billing requirements is simply vast. The variety of invoice delivery formats alone is large and constantly growing, with new regional standards and platform-specific requirements to consider all the time.
Furthermore, in light of supply chain disruption from the coronavirus (and associated lockdown), businesses have increasingly faced the need to adapt and adjust their commercial relationships – requiring a set of billing changes associated with each supplier.
Multi-national invoicing requirements, across a range of commercial partners, require a complex set of rules, as well as rigorous exception handling processes. Exactly who receives what, when, and how, and what to do when receipt isn’t acknowledged – or invoices paid – within a certain timeframe requires a sophisticated set of procedures and processes.
The ability to boldly expand into new territories, signing up commercial partners, and setting them up to receive invoices, should be one smooth process. New billing requirements should not impede the progress of business growth.
Download the full white paper to learn more…