SAP Vendor Invoice Management (VIM) online Training

SAP Vendor Invoice Management (VIM) online Training

Vendor Invoice Management (VIM) is a comprehensive solution that automates the flow of purchase invoices, designed for large enterprises and shared service centers within corporate groups that handle thousands of financial documents each month. This solution optimizes and simplifies the process of managing incoming vendor invoices by digitizing them, parking the documents in the system, and managing the multi-level approval workflow until payment is released to the supplier.

The system leverages a high-performance platform to support processes and generate reports, improving processing time and efficiency. Integration with third-party platforms further enhances the service processes for suppliers, streamlining workflows.

Additionally, the solution provides a full audit trail, ensuring transparency throughout the entire process—from ordering to payment.

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Key Functions in the Invoice Flow Process:

  • Recording of Financial Documents
  • Tracking of Documents in the Process
  • Automatic Posting of Documents with a Purchase Order

Advantages: Faster, More Efficient, and Cost-Effective:

The solution enables faster payment processing and reduces operating costs associated with invoice management. The elimination of paper-based document flows and the automation of processes increases efficiency. Furthermore, it supports handling exceptions that may arise during invoice processing.

The configuration of financial document flow rules ensures process transparency and provides full control over the flow of financial documents within the organization.

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