In 2023, significant attention was directed towards enhancing the invoice incoming channels to tackle key challenges faced by the accounts payable department. As discussed in a previous blog post, key innovations such as the integration of SAP Ariba Central Invoice Management with SAP Business Network, Invoice file extraction from emails and utilizing APIs for structured data inbound were pivotal in addressing the challenges posed by inbound channels.
Looking ahead to 2024, SAP Ariba Central Invoice Management is set to enhance its capabilities in handling and processing invoices. The journey begins in Q1 of 2024 with the introduction of two key innovations in 2402 release:
- Request for Information Workflow: In the Manage Supplier Invoices Centrally app, a new feature empowers users with the required access to send a work item to one or more company employees, soliciting information about a specific invoice. This feature's activation can be managed through the Manage Processing Services app in the newly added Request for Information About Supplier Invoices section.
- New Invoice Activity Log Function: Within the Manage Supplier Invoices Centrally app, the newly added Invoice Activity Log button offers an overview of changes made to a supplier invoice during initial creation and manual modifications by users.
Additionally, it's worth noting that SAP Central Invoice Management has been rebranded as SAP Ariba Central Invoice Management to ensure consistency with other products, a change facilitated by SAP Product Management.
As the year progresses, 2024 promises further innovations in invoice processing. Two major advancements outlined in SAP's roadmap for the year include:
- Basic Workflow for Invoice Approval or Rejection: This innovation enables users to approve or reject an invoice within SAP Ariba Central Invoice Management. Upon approval, the process triggers the outbound interface to post the invoice against the SAP backend ERP.
- Three-way Matching Against Purchase Order and Goods Receipt: This innovation aims to optimize the accounts payable process, mitigate risks, and ensure precise and timely payment processing by implementing a three-way matching system against purchase orders and goods receipts.
At SAP, we continuously strive to improve and simplify the invoice management process to enhance efficiency and accuracy for our customers.
Additionally, I would like to invite you to explore our previous blogs that showcase the exciting innovations introduced in SAP Ariba Central Invoice Management.
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For more information on SAP Ariba Central Invoice Management, check out the following links:
- SAP Procurement Release Readiness Community for release information
- Help Portal Product Page for SAP Ariba Central Invoice Management
- Intelligent Spend Management Community
- SAP Managed Tags:
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