What is invoice price variance amount in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: invoice price variance amount

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: A measure used to analyze the instances where the supplier does not apply an invoice price agreed to in the purchase order.

Smart SAP Assistant

• Key Concepts: 
  Invoice Price Variance Amount is a component of SAP Spend Performance Management (EPM-SA). It is the difference between the expected and actual invoice price of a purchase order. This variance amount is calculated by subtracting the expected invoice price from the actual invoice price. 
  
  How to use it: 
  The Invoice Price Variance Amount can be used to identify discrepancies between the expected and actual invoice prices of a purchase order. This information can be used to identify potential savings opportunities or to investigate any discrepancies in pricing. 
  
  Tips & Tricks: 
  It is important to ensure that the expected invoice price is accurate and up-to-date in order to accurately calculate the Invoice Price Variance Amount. Additionally, it is important to monitor this variance amount on a regular basis in order to identify any potential discrepancies or savings opportunities. 
  
  Related Information: 
  The Invoice Price Variance Amount is closely related to other components of SAP Spend Performance Management, such as Purchase Order Price Variance Amount and Purchase Order Quantity Variance Amount. Additionally, this variance amount can be used in conjunction with other analytics tools, such as SAP Business Intelligence, in order to gain further insights into purchasing trends and performance.