The solution for processing incoming invoices in FIS/edc is fully integrated in the overall purchase-to-pay process, which enables the step-wise increase of the invoice processing automation degree in SAP. In financial accounting, invoices are received via PDF document, in paper form or via an electronic invoice. Incoming invoices and payment advice notes in paper form or as PDF are automatically processed via an OCR document recognition with excellent recognition rates. Moreover, the software supports electronic documents and invoices, such as EDI, ZUGFeRD or Factur-X. Once the documents have been imported, they will automatically be assigned to the existing data records in the SAP system.
Advantages for your (financial) accounting:
- Support of all standard invoice formats, such as EDI, ZUGFeRD and Factur-X, in one solution
- Documents received as PDF or e-mail can be processes without any problems as well
- Automatic matching when receiving payment advices with open customer or vendor item
- Faster processing times and more efficient use of cash discount agreements
- High compatibility of the FIS solutions with other system components
The FIS software proves to be highly efficient for automatic matching. If no match is made, it is possible to use an uncomplicated subsequent invoice verification or an electronic workflow for enriching missing information. Internal document assignments, item matching and data enrichment form the basis for a direct invoice document update in SAP. Optionally, electronic invoices can be saved as visualized PDF documents in an audit-proof way. The connected process and approval procedure rounds off the options of automated invoice verification. This workflow enables the completely paperless release, ensures a respective throughput of the invoice and increases the transparency for the management. Once the release workflow has been completed, the invoice can be processed in an accounting-related way (posting, account assignment and payment).
Useful: The invoice can also be easily released via the mobile app
An SAP Fiori-based mobile app can be used to execute approval requests in FIS/edc in connection with vendor documents in SAP, i.e. processes, such as check, approval, rejection, commenting, forwarding and account assignment of incoming invoices, anytime, anywhere and without long wait times, irrespective of whether an FI invoice without purchase order reference or an MM invoice with purchase order reference is concerned.