Understanding Innovation Highlights in Convergent Invoicing

• This feature in SAP Convergent Invoicing improves the efficiency and flexibility of intercompany settlement processes.
• It introduces aggregation of offsetting entries across posting documents and items, reducing data volume.
• Additionally, account determination for offsetting postings can now be configured in customizing for SAP Convergent Invoicing instead of Contract Accounts Receivable and Payable, offering more control.
• You can also choose to transfer invoice amounts as net amounts instead of the default gross amount.
• These enhancements reduce data complexity, providing a clearer overview of intercompany postings.
• The ability to configure account determination in SAP Convergent Invoicing adds flexibility, while net amount transfer streamlines financial processing.
• Intercompany Postings - Enhancements.

Intercompany Postings - Enhancements

• The Invoicing Lock for Invoicing Requests feature in SAP S/4HANA for Convergent Invoicing allows you to temporarily exclude invoicing requests from the invoicing process without permanently removing them.
• This is particularly useful for handling preliminary invoices or cases requiring clarification.
• You can apply an invoicing lock through transaction FKKINV_MON, specifying a lock reason and an end date.
• The lock can be removed later as needed, ensuring flexibility in managing invoicing requests.
• This feature enhances control over by allowing you to lock different types of source documents within one transaction.
• It ensures that only validated requests proceed through the invoicing process while maintaining visibility and traceability.
• Invoicing Lock for Invoicing Requests.

Invoicing Lock for Invoicing Requests | SAP Help Portal

This feature in SAP S/4HANA Convergent Invoicing allows users to predefine specific open items for display in invoicing, enabling targeted correspondence with business partners.

For example, you can provide a customer with tax data regarding a down payment.

You can activate preselection in Customizing by defining criteria, for example, invoicing category, and assigning the Display Preselected Items (INV_INFIT) function to invoicing processes.

Preselection of Open Items for Display in Invoicing in Convergent Invoicing | SAP Help Portal

This enhancement provides greater flexibility in processing discounts and charges on invoicing documents.

You can now configure account assignment determination for discounts and charges directly in Convergent Invoicing, instead of relying on default settings in Contract Accounts Receivable and Payable.

A new account assignment rule allows for better control over how discounts and charges are posted, with the option to aggregate them into a single document or post them separately.

This feature streamlines financial postings, enhances reporting accuracy, and improves the efficiency of discount and charge handling in invoicing.

Discounts and Charges on Invoices - Enhancements | SAP Help Portal

The Custom Fields in SAP Convergent Invoicing feature in SAP S/4HANA allows you to define custom fields for billable items and billing documents, enabling seamless transfer of payment and tax data between them.

New business contexts and scenarios support custom field extensions, ensuring that relevant tax and payment data flows consistently from billable items to billing documents.

You can use predefined business contexts and database table mappings to integrate custom fields efficiently using CI_INCLUDE and EEW_INCLUDE structures.

This feature enhances flexibility in data management, allowing businesses to tailor invoicing processes to specific financial and compliance needs while maintaining data consistency across billing operations.

Custom Fields in Convergent Invoicing | SAP Help Portal