Innovation Highlights Convergent Invoicing

Define the following:

• Approval workflow for credit and debit memo requests
• Criteria for approval of billing requests
• Person or group who needs to approve

Enable the four-eye principle before crediting money to customers:

• Require that any billing request activity performed by an individual be reviewed and double checked by a second independent and competent individual
• Help mitigate the following adverse outcomes:
• Business execution: result of poor execution of regular business tasks (such as mistakes or oversights)
• Internal fraud: result of fraudulent actions

• Ability to add custom fields to the following convergent invoicing objects using key-user extensibility:
• Billing plan
• Billing request
• Functionality to automatically transfer custom fields to follow-on documents

• Customize billing plan and billing request business objects to suit individual requirements
• Append fields and data that are essential for particular use cases

• Derivation of supplying company codes in intercompany transactions from material master data
• Event for users' own logic to add supplying company code to provider contracts
• Transfer of supplying company code from provider contracts to billable items

Enable an end-to-end intercompany process for billing and revenue innovation management by automatically:

• Deriving the supplying company codes from master data
• Inserting those codes into invoicing processes