Revision as of 03:25, 5 October 2017
The activities associated with preparing and issuing the invoice and other documentation as required. This may include detailed specifications of the product delivered, quality and grade documentation as contractually required or customary.
Where applicable this may include triggering the payment draw process. For example settling a credit card payment or drawing a Letter of Credit.
Use Cases
- Standard invoice upon delivery
- Credit card settlement
- Issuing a commercial invoice for tax declaration purposes
- Monthly billing cycle
- Issuing a pre-payment invoice
- In restaurant: Presenting the check/bill
- In Retail: Presenting the total and processing payment
Notes
The receipt of funds is a financial process. The Invoice process is an operational formal request for funds for products and services delivered per the agreed terms and conditions.
In a retail store Invoice is part of the Checkout process.
Days Receivables Outstanding
Error-free Documentation Ratio
Distribution Costs
Order Management Cost
Order-to-Cash
Quote-to-Cash
Accounts Receivable Factoring
Accounts Receivable
Hierarchy
| ID | Name | Level | x | | D1 | Deliver-From-Stock | 2 | D1 |
| D105 | Invoice | 3 | D105 |
Workflow
Invoice Deliver-From-Stock 410500 3 {{{keywords}}} {{{description}}}