The activities associated with preparing and issuing invoices and other documentation as required for Engineeer-To-Order products or projects. This may include detailed specification of the product or service configuration delivered as contractually required or customary.
Where applicable this may include triggering the payment draw process. For example drawing a Letter of Credit.
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.
|DP15||Error-free Documentation Ratio||2||DP15|
|CO121||Order Management Cost||3||CO121|