Best Practice scenario Monitoring of Goods and Invoice Receipts (2V7)

Monitoring of Goods and Invoice Receipts (2V7)

The GR/IR monitor is an SAP S/4HANA application that helps the accountants to process the cases where the goods receipts and the invoices receipts are not exactly matched and written off automatically. The processors set the statuses to purchase orders to indicate the next actions that must be taken in the context of certain purchase order. A machine learning feature of the GRIR application makes a prediction of the next status based on the history of processing. The predictions are provided by a Machine Learning (ML) service that runs on the Cloud Foundry. This communication scenario is related to the connection of the SAP S/4HANA backend and the ML service.

Key Process Steps Covered

Reconcile GR/IR accounts
Monitor GR/IR account reconciliation
Use a Situation Handling template for the GR/IR Reconciliation Monitor

Benefits

Propose status of goods and invoice receipts
Propose status dependent on the situation of a purchase order item
Reduce efforts in manual checks
Integrate with Machine Learning for Monitoring of Goods and Invoice Receipts (2ZS) scope item

Where is Monitoring of Goods and Invoice Receipts(2V7) being used?

This Scope item is used in the following way:

As a support function of Accounting and Financial Close within Finance Scope Item Group

Process flow of Monitoring of Goods and Invoice Receipts (2V7)

Find below the process flow of the scope item Monitoring of Goods and Invoice Receipts as it is defined for release s4h-2021.

Download Process Flow of Best Practice scenario Monitoring of Goods and Invoice Receipts (2V7) - S/4HANA OP

Ref: Finance of SAP S4H-2021

Best Practices related to S/4HANA

Best Practices of SAP S/4HANA On Premise *1
Best Practices of SAP S/4HANA Cloud *2
Best Practices of SAP Analytics Cloud *2
Best Practices of Robotics Process Automation(RPA) with SAP Leonardo *2

*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.

Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered: