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.

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
APS130	Suppl Payment Proposal. Open	Create a proposal and validate it.
APBR90	Supplier Payment. Report Bank Confirmation	You can delete a proposal and allocate invoices to another payment method without bank confirmation. Thus, invoices can be directly paid using another payment method, such as checks, and do not need to be declared or sent again to the bank.