Finance Accounting

Description

Finance Accounting processes a vendor contract invoice and enters it in to SAP and may also handle vendor lien releases as needed by contract.

Process

Current State

Description

Invoicing

Draft/Cancelled/Returned

Invoices are entered based on the Schedule of Values.  There are two roles that can enter an invoice:

• Participating Vendor enters payment request based on Schedule of Values.

• When not participating or Vendor is an Ariba Vendor, Finance Accounting receives the invoice and enters on Vendor's behalf.

Approved

Finance Accounting enters invoice in to SAP once it is fully approved.