1 / 4

RazorBuy /BASIS

RazorBuy /BASIS. Settlement Process Discussion. Create Req. Create PO. Changes to PO. Invoice/ Pay. Receiving. Payment. Transmit PO. Purchase Requisition. Create PO (if approved via TARGET). E-Invoice. PO Flip. RazorBuy. Create Requisition Target Chain Approvals.

jens
Download Presentation

RazorBuy /BASIS

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. RazorBuy/BASIS Settlement Process Discussion

  2. Create Req. Create PO Changes to PO Invoice/ Pay Receiving Payment Transmit PO Purchase Requisition Create PO (if approved via TARGET) E-Invoice PO Flip RazorBuy Create Requisition Target Chain Approvals Create PO PO Supplements – POHT, POIT, PODT PO Changes – POLA PO Cancelations ILOG PAYD, PAYQ Proposed PO Flip Payment – Check, ACH, Wire transfers, Payment Plus UPS Use tax/Excess sales tax calc Prorated across AP line Encumber Funds Encumber Funds RazorBuy/BASIS Expensing/ AP Liability/Use Tax Liability/Excess Sales Tax AR/ Relieve Encumbrance Check Accounting /Relieve AP Liability DART

  3. Catalog purchases – allow PO changes? What about cancelations? • What about PO cancelations for non-catalog? • What types of PO changes need to be transmitted to the vendor? • Handling codes – need more discussion. • POHT – (changes: tolerance and requestor) how will these impact RB? • PODT – cost center distribution changes needed in RB? • POLA – will buyers add PO lines in RB? • Assumption – no changes to the PR after it’s approved in TARGET. PO(s) will be automatically generated. • PO effective date – drives the invoice date also impacts the expense date. PO Questions

  4. Credits – are catalog credits handled as negative lines? By vendor or PO? What about non-catalog – credit memo or negative line? • Image of paper invoice – continue with current process? Need to be able to drill down to the image in BASIS. • Invoice attached, personal reimbursements, and Check with Order – no receiving required in BASIS. • Separate check and customer id – required for some Payment Plus payments • Mixing of taxable and non-taxable lines • Invoice numbers – duplicates not allowed (we allow suffix, if needed) • Common Vendors • Invoice date – not older than prior FY • Vendor payment terms & Discounts • Remittance comment? • Receiving date – drives expense date Invoice/Receiving Questions

More Related