Payment Approval

Automation for SAP

Solutions > Automation for SAP > Payment Approval

Meet regulations and due dates:
automate the payment approval process

Once invoices are posted for payment in SAP, authorization becomes a streamlined process in a paperless workflow. ReadSoft’s payment approval solution is easily executed within the SAP user interface.

Ready access to the information you need to execute a payment run on time

Manual invoice payment approval is often a complex procedure, lacking visibility of invoice details. Bringing this approval process into a documented workflow is a critical step in further decreasing accounts payable processing time and taking full advantage of supplier discounts. ReadSoft’s automated solution provides an automated workflow for handling payment approvals that satisfies both business and financial regulatory requirements.

Key features and benefits

Provides a complete audit trail to satisfy SOX and similar requirements
All invoices ready for payment and requiring final approval are viewable in a single workflow
Invoice image and corresponding information are constantly accessible
User can block invoices or release them for payment
Integration inside your SAP system
User-friendly SAP or web browser interface

Take a faster, simpler trajectory
to the payment run

With all necessary invoice information easily accessible in the workflow, authorized users can modify line items or approve payment proposals with a clear view of the process.

A payment workflow that meets your approval

The process is both thorough and secure so that your business can avoid with certainty issues like fraud and overpayment. And when the workflow is complete, there is a complete electronic audit trail to fulfill regulatory requirements.

Here’s how it works

Payment proposal list

Invoices posted for payment are gathered in the SAP Payment Proposal list.
The Payment Proposal information is made easily available to authorised personnel on a line-item level.

Approval workflow

The Payment Proposal list is directed to appropriate persons for review in an automated workflow.
Original invoice image and corresponding documents are readily available if needed.
Approvers may block or release payments in a documented, paperless process.
Secure procedure meets business requirements to prevent fraud or overpayment.

Payment run

When the workflow is complete, the Payment Proposal is updated accordingly and
the payment run finalized.
A workflow history of the entire payment approval process is stored with
the SAP payment run and remains available, fulfilling SOX requirements.

Learn more about payment approval

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How to meet regulations and due dates without fail:
Automated payment approval workflows

Bringing invoice payment approval into a workflow is a critical step in further decreasing accounts payable processing time and taking full advantage of supplier discounts.