What is Supplier Invoice Processing With Evaluated Receipt Settlement in SAP AP-SIP - SRM Supplier Invoice Processing?

SAP Term: Supplier Invoice Processing With Evaluated Receipt Settlement

• Component: AP-SIP

• Component Name: SRM Supplier Invoice Processing

• Description: The automatic creation and processing of supplier invoices based on a corresponding goods and service acknowledgement or confirmed inbound delivery. These supplier invoices replace the supplier invoices that a supplier would provide if evaluated receipt settlement was not used.

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• Key Concepts: 
  Supplier Invoice Processing With Evaluated Receipt Settlement (SIP-ERS) is a component of SAP's Supplier Relationship Management (SRM) module. It is designed to streamline the process of invoice processing and payment for goods and services received from suppliers. The system allows for the automatic evaluation of invoices against purchase orders and goods receipts, and the automatic settlement of invoices with payment. 
  
  How to Use it: 
  SIP-ERS can be used to automate the process of invoice processing and payment. It allows for the automatic evaluation of invoices against purchase orders and goods receipts, and the automatic settlement of invoices with payment. The system also provides a range of features such as invoice matching, dispute management, and payment terms management. 
  
  Tips & Tricks: 
  When using SIP-ERS, it is important to ensure that all relevant information is entered accurately into the system. This includes purchase orders, goods receipts, invoices, and payment terms. Additionally, it is important to ensure that all relevant documents are uploaded into the system in order to ensure that the system can accurately evaluate invoices against purchase orders and goods receipts. 
  
  Related Information: 
  SIP-ERS is part of SAP's SRM module, which also includes other components such as Supplier Relationship Management (SRM), Supplier Performance Management (SPM), and Supplier Collaboration (SC). Additionally, SIP-ERS can be integrated with other SAP modules such as Materials Management (MM) and Financial Accounting (FI).