Here's the step-by-step process on how to consolidate customer and vendor information so you can optimize the delivery of goods and invoices for various customers and vendors. This is very handy for when you send invoices to multiple branches and the payment is received at the head office. This vendor consolidation tool also works for when you need to send goods to multiple entities after invoicing the head office.
Step by Step Guide
To do this, when you're in the "Business Partner Master Data" view, choose "Consolidating BP". From here, you can select the consolidation types you want to link the business partner to:
- Select “Payment Consolidation” to display the transactions of the consolidated business partners when creating payment for the consolidating business partner.
- Select “Delivery Consolidation” to display the deliveries/goods receipts or POs of the consolidated business partners when creating an invoice for the consolidating business partner.
This aspect can help businesses automate and optimize their supply chain processes while improving the information exchange between suppliers and vendors.