Reconcile Vendor Statements with Vendor Invoice Matching in SAP

Vendor payments account for the largest cash outflow in most organisations - it would be great if there was automated vendor invoice matching in SAP.  One of the best ways for accounts payable managers to sleep easily at night is reconciliation of vendor statements. While the benefits are numerous and discussed below, this task is often overlooked as it can be time consuming and tedious. An effective process for reconciling vendors must therefore be used. What are vendor statements and reconciliation reports? A vendor [...]