Show TOC

 Trade, Invoice Forecasting

 

Technical Data

Technical Name of Business Function

ISR_GLT_IFW

Type of Business Function

Enterprise Business Function

Available From

SAP enhancement package 6 for SAP ERP 6.0

Technical Usage

Global Trade

Application Component

Logistics - Agency Business - Invoice Forecasting Worklist (LO-AB-IFW)

Required Business Function

Not relevant

You can use this business function to activate IFW (Invoice Forecasting Worklist). This is a new application that you can use to simulate and then track any invoices (both inbound and outbound). It is used by an invoice clerk or accountant working in a commodities trading company.

Invoices can be sent out as soon as a provisional price is known. Incoming invoices can be verified as early as possible and you can simulate expected invoices (due date, amount). Now you have one central application to view all deals that need to be invoiced.

IFW allows the following

  • Real-time handling of simulated and real invoices

  • Integration into Commodity Pricing Engine (CPE) for market curves, quotations

  • Support of third party front-office trades (partner based CPE pricing mode)

The standard delivery of IFW assumes a GTM trading contract (TC) as a source document.

The A2A and A2X SOA services for the business object Trading Order allows a third party to set the IFW relevancy indicator on item level, dependent on Customizing settings.

Prerequisites

  • You have installed the following components as of the version mentioned:

    Type of Component

    Component

    Required for the Following Features Only

    Software Component

    EA-GLTRADE 606, SAP_APPL 606

    XI/ESR Content

    EA-GLTRADE 606 with namespace http://sap.com/XI/EA-GLTRADE/Global

There is no strong dependency of ISR_GLT_IFW (Trade, Invoice Forecasting) on other business functions. However, all IFW functionality for differential invoicing requires at least one of the two business functions LOG_SD_COMMODITY (Contract-to-Cash for Commodities) and LOG_MM_COMMODITY (Procure-to-Pay for Commodities) ) to be switched on. Those two business functions again depend on business function LOG_CPE_FA_FE (Logistics, Commodity Pricing Engine in SD and MM). If the integration into PPE (Pricing and Payment Events) is to be used as well, business function ISR_GLT_COMMODITY_5 (Trade, Commodity Management 5) has to be switched on in addition.

After activating this business function, you make Customizing settings under:

  • Start of the navigation path Logistics - General Next navigation step Global Trade Management Next navigation step Invoice Forecasting. End of the navigation path

  • Start of the navigation path Logistics - General Next navigation step Global Trade Management Next navigation step Position Management Next navigation step Portfolio Management. End of the navigation path

  • Start of the navigation path Materials Management Next navigation step Purchasing Next navigation step Commodity Pricing End of the navigation path (only if LOG_CPE_FA_FE is switched on).

  • Start of the navigation path Sales and Distribution Next navigation step Basic Functions Next navigation step Commodity Pricing End of the navigation path (only if LOG_CPE_FA_FE is switched on).

  • Start of the navigation path Logistics - General Next navigation step Global Trade Management Next navigation step Trading Contract Next navigation step Pricing and Payment Events (PPE) End of the navigation path (only if ISR_GLT_COMMODITY_5 is switched on).

For more information about activating the individual functions in Customizing, see the relevant detailed release notes for the main release note.

Features

Report: Any Selection of Deals and Related Invoices

New UI: Report shows any simulated invoices and real invoices for a given selection, with the possibility to react to given statuses and with navigation to related transaction (invoices, payments). Report shows any selection of deals and related invoices (both SD and MM).

You now have one central application fully integrated in SAP ERP to view all deals that need to be invoiced.

Simulation of Invoices

IFW simulates invoices both on sales and purchase side, based on available pricing and payment data. The user knows the earliest and latest dates for creating invoices.

Navigation to Invoice Creation

The user can navigate from simulated invoices directly to the SAP invoice creation and invoice verification transaction screens. All required and known data is defaulted from the IFW report. Invoice creation and invoice verification screens were separate transactions. They are now accessed easily from one single screen.

Flexible Status Management of (simulated) Invoices

Dates for future invoices and the possibility of creating an invoice are transformed into a set of statuses displayed in the IFW report. For this, the SAP BRFplus application, which is fully flexible and configurable, is used in the background.

Integration into Commodity Pricing Engine (CPE) and new Events for Pricing

Commodity Pricing is often determined by certain events. Pricing and Payment Events (PPE) feeds data into Commodity Pricing Engine (CPE), and CPE gives back dates, status, and amount of future invoices.

With PPE and CPE, IFW is fully integrated in a framework of logistical and pricing data. Pricing engine is fully integrated.