Friday, August 6, 2021

Business Processes and their levels

 

L1 Process: OTC, PTP, PTM - Plan to Manufacture, RTR - Record to Report

L2 Sub Process:: AP, AR, CM, FA, GL

L3 Activity:     ➢  4.2.1 Manage Suppliers

    ➢  4.2.2 Process Invoices

    ➢  4.2.3 Process Payments

    ➢  4.2.4 Factoring (Third Party Payments)

    ➢  4.2.5 Process Month End


L4 Tasks: Level 4 begins to describe the procedure for “how” the work is done rather than describing “what” work is being done

        ➢ 4.2.1.1 Purchasing

➢ 4.2.1.2 MDM

➢ 4.2.1.3 FSS

 

➢ 4.2.2.1 Receive Supplier Invoice

➢ 4.2.2.2 Bulk Upload

➢ 4.2.2.3 Enter Invoice

➢ 4.2.2.4 3-Way Match

➢ 4.2.2.5 Validate Invoice

➢ 4.2.2.6 Resolve Discrepancies

➢ 4.2.2.7 Tolerances

➢ 4.2.2.8 A&B Resolve Holds

➢ 4.2.2.9 Create Accounting

 

➢ 4.2.3.1 Create Payment Batch

➢ 4.2.3.2 Set Selection Criteria and Payment Attributes

➢ 4.2.3.3 Review Payment

➢ 4.2.3.4 Complete Payment

➢ 4.2.3.5 Create Accounting

 

➢ 4.2.4.1 Setup Supplier Relationship 

➢ 4.2.4.2 Enter Supplier Invoice 

➢ 4.2.4.3 Make Payment to Factor

 

➢ 4.2.5.1 Review Holds

➢ 4.2.5.2 Resolve Accounting Issues

➢ 4.2.5.3 Create Accounting

➢ 4.2.5.4 Review Exception Report

➢ 4.2.5.5 Ensure PO Period is Closed

➢ 4.2.5.6 Sweep Transactions

➢ 4.2.5.7 Close AP Period

➢ 4.2.5.8 Post Journals

➢ 4.2.5.9 Reconcile AP 



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