LIV

[Former Member]

Hi,

What is LIV?Pls Explain

Thanks in Advance.

[Former Member]

Hi Padmam

Logistics Invoice Verification (LIV)

Purpose:Logistics Invoice Verification is a part of Materials Management (MM). It is situated at the end of the logistics supply chain that includes Purchasing, Inventory Management, and Invoice Verification. It is in Logistics Invoice Verification that Incoming Invoices are verified in terms of their content, prices and arithmetic. When the invoice is posted, the invoice data is saved in the system. The system updates the data saved in the invoice documents in Materials Management and Financial Accounting.

Integration

Logistics Invoice Verification is closely integrated with the components Financial Accounting (FI) and Controlling (CO). It passes on the relevant information about payments or invoice analyses to these components.

"I advice you to go to the general information provided on the first thred of this forum."

regards

Yogesh