Source to Pay Process
Meet Jennifer. She just finished her business administration studies and started working in the accounting department of the Bike Company. Bike Company produces bicycles and e-scooters made of sustainable materials.
Jennifer will be working as a payables management accountant. Her focus will be processing and organizing incoming supplier invoices. Jennifer would like to learn how to perform her daily invoice processing tasks in SAP S/4HANA.
Jennifer is aware of the general procurement process, or source to pay, where her accounting department plays a vital role. When it comes to her main tasks, she discovers that they belong to the subprocess of the source to pay process, namely invoice to pay.
In terms of this subprocess, Jennifer’s tasks will be to:
Process supplier invoices
Process accounts payable
Supplier Invoice Lifecycle
In her daily work, Jennifer will be receiving and processing lots of supplier invoices. In this learning, we will focus on the first steps of the supplier invoice lifecycle:
Invoice arrival and processing
In other words, Jennifer will learn how to maintain different invoices in the financial accounting system and, if necessary, apply corrections.