SAP Supplier Statement Reconciliation

Share the knowledge!

Standard SAP does not include functionality to process supplier statements.

SAP clients are forced to process supplier statements manually (ticking off paper statements! Or using Excel!), and producing supplier reconciliations outside of SAP.

BEST’s Supplier Statement Reconciliation Add-on is a fully integrated SAP add-on module that allows moving from manual, non system statement processing to a more efficient, auditable, reportable system in SAP.

Statement Reconciliation
Statement Reconciliation

The benefits are all those associated with system processing rather than manual processing:

  • Automatic loading and matching of the supplier statement into SAP, and automatic creation of the reconciliation report.
  • As BEST is built in SAP for SAP, it caters for SAP: Match not only open and cleared creditor items but also held documents, parked documents, the GR/IR account and linked customers.
  • Quickly view unreconciled items in SAP, and spend more time chasing exceptions.
  • The online reconciliation approval system in SAP means you don’t have to print reconciliations, pass them around the office and sign them. Multiple configuration levels with system controlled pre-requisites for each level, mean you can use the system to structure your creditor department.
  • Standardised system processes enforce management policies and audit controls.
  • System reports allow management to analyse (un)reconciled items by vendor, company, period and clerk.
  • Understand problem areas and where to focus future efforts.
  • Improve cashflow by paying only matched items, until issues resolved.
  • Validate SAP creditor balances against supplier statement balances.

Create your own user feedback survey

Share the knowledge!

Related Posts

The Responses I Like From The Recruiters The Most

Dmitry Kaglik

August 7, 2017

SAP

No Comment

I am not a newbie on the SAP job market. I was looking for job myself, and I was helping my friends to have a job. I sent my CV to many recruiters, both agencies and in-house. The feedback I received from them is just priceless. Let me list some of the favourites here…

Read More

Embed Tableau Dashboards in SAP ERP and S4/HANA

The need for utilising data increases and that of course includes operational data from ERPs. To serve this basic demand of companies SAP continuously improves their data analysis and data visualisation tools and offers great solutions like SAP BusinessObjects, Lumira, SAP Analytics Cloud or SAP Design Studio. But despite heavy investments, business intelligence still remains […]

Read More

Search this site

SAP Expert on the web

Subscribe!

Enter your email address:

Polls

Will you be happy to pay for the 3rd edition of the book FREQUENTLY ASKED QUESTIONS ON SAP FINANCE?

View Results

Loading ... Loading ...
Visit Us On TwitterVisit Us On LinkedinCheck Our Feed