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Aug 26, 2009 at 05:31 AM

Milestone based PO

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Hello Experts,

Hope you can help me with this.

In the current scenario, we pay to vendor based on the time which the consultants enter in SUS. The self bill gets generated when entries are approved and payment cycle is then processed. Currently within company we have it as a monthly cycle. In case of milestone based billing, instead paying the vendor at the regular frequency, the requirement is to pay him based on completion of certain milestones. For example, assume a work package amounting to 1000 Euros has been awarded to a vendor. Payment terms are as follows:

1. 10% on resource mobilization / advance

2. 25% on business blueprint completion

3. 35% on realization

4. 20% on User Acceptance Testing

5. 10% on going live

Can this scenario be handled using SUS?

Thanks ,

Siva.