Payment: Invoice ManagementNo compa

Payment: Invoice ManagementNo company can afford to survive without monitoring payments and open invoices. Although suchservices and features can be brokered to third-party providers, it is the responsibility of the marketsponsor to create the payment work flow. The software should also support billing, shipping status,and term-contracts functionality so that the procurement process—from order placement to orderfulfillment—is one integrated, end-to-end service. The specific functionality in the payment work flowincludes• Invoicing and billing. —This module is designed to look after all aspects of entering and processinginvoices from multiple suppliers. The long-term recording of all incoming and outgoinginvoices allows you to check all invoices. In addition, payment conditions for customers andsuppliers are stored so that they can be accessed by other programs. The billing system providesthe mechanisms for billing account management, including functionality that enables such tasksas account setup, product subscriptions, statement processing, and account review.• Payment. —Payment processing is a key component of any successful procurement softwarepackage. The software's payment module must support extended capabilities, such as creditcard processing, providing line of credit, placing payments in escrow, withholding taxes, and anycross-border trade requirements that apply in order for the full potential of e-procurement bestpraktek-praktek yang akan diwujudkan.• Melaporkan. -Padat, akurat pelaporan informasi adalah kunci untuk proses optimasi dan biayapengurangan. Sistem pengadaan yang baik harus melacak apa dibeli, oleh siapa, dari siapa,apa harga, dan berapa lama waktu yang dibutuhkan untuk menyelesaikan setiap langkah dari siklus. Informasi ini tak ternilaiKetika negosiasi dengan pemasok dan untuk rekonsiliasi akhir bulan.