Supplier payments
Requirement
Functionality for payments and remittances of invoices to approved suppliers, through the banking systems of a specific country, is a normal business requirement.
All bank transactions are cleared centrally.
M3 solution
Supplier payments can be managed electronically or manually. Manual methods include check printing or the delivery of payment orders to the bank.
Supplier checks are generated from the M3 payment proposal. After the printing of a check run, check numbers are recorded in M3 for subsequent bank statement reconciliation. Void checks and reprints are supported in this process.
Configuration guidelines
| Program ID | Program name | Description or comment |
|---|---|---|
| CRS405 | FAM Function. Open | Configure FAM functions AP20 and
AP3x for invoicing. In (CRS406), specify this information:
|