What is EDI invoice in SAP MM-IV - Invoice Verification?

SAP Term: EDI invoice

• Component: MM-IV

• Component Name: Invoice Verification

• Description: An electronically transmitted invoice.

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• Key Concepts: 
  EDI (Electronic Data Interchange) is a technology used to exchange business documents between two or more organizations electronically. An EDI invoice is an electronic invoice that is sent from one organization to another using EDI technology. The EDI invoice contains all the information needed for the receiving organization to process the invoice, such as the supplier, the goods or services purchased, and the payment terms. 
  
  How to use it: 
  In SAP, EDI invoices are processed using the MM-IV Invoice Verification component. This component allows users to receive and process EDI invoices from suppliers, verify that the invoices are correct, and post them to the accounts payable ledger. The MM-IV Invoice Verification component also allows users to generate payment proposals for invoices that have been verified and posted. 
  
  Tips & Tricks: 
  When processing EDI invoices in SAP, it is important to ensure that all of the information on the invoice is correct before posting it. This includes verifying that the supplier information is correct, that the goods or services purchased are correct, and that the payment terms are correct. It is also important to ensure that all of the necessary documents are included with the invoice before posting it. 
  
  Related Information: 
  For more information on EDI invoices and how to process them in SAP, please refer to SAP Help documentation on MM-IV Invoice Verification. Additionally, there are many online resources available that provide detailed information on EDI invoicing and how to use it in SAP.