FSC - Supplier Accounting
Enabling Seamless & Optimized end-to-end Payables Function across Goods & Cost Services.
METRO Finance Solution Center
Introduction to
Supplier Accounting Solution
Our Supplier Accounting solution offers service packages that enable seamless and optimized end to end payables function across goods and cost services. It also ensures an enhanced customer experience for all our partners and customers throughout the delivery cycle.
Our Service Packages
We provide service packages such as AP Goods & Cost Services, Later income services, EDI & Auto-match and Automation for Supplier accounting. Take a look at the details of these services that we provide in this solution for our distinct clientele.
Accounts Payable Goods & Cost Services
End to end (E2E) services across document processing, reconciliations and sub-ledger close for goods and cost services.
Our AP Goods & Cost Services include
Invoice Processing (including claims)
We provide effective and efficient document processing, faster claims resolution and reduction of claims by analyzing and providing insights on claims trend with RCA (root cause analysis), thereby improving end-to-end Accounts Payable metric and enhancing supplier experience.
- Receive, upload & resolve goods or services receipt / return data / interfaces.
- Investigate & resolve GR / invoice upload errors
- Process goods - returns data
- Invoice Control - Receive, Process EDI / Paper invoices / credit notes
- Receive, Review and process supplier claims:
- Payment Reminders
- Price, Quantity, Return, & POD claims
- Debit note request
- Communicate with supplier on General claim resolution
Reconciliation and Balance Confirmation
Perform timely reconciliations of supplier statements and confirmations, resolving any differences in the balances.
• Receive supplier statements
• Perform supplier reconciliations as per agreed frequency
• Verify & resolve open items in supplier accounts
• Obtain list of supplier balances to be confirmed
• Prepare & send request for confirmations
Account clearing and Sub-ledger close
Provide timely resolution of any open items in supplier accounts and sub-ledger closure thereby ensuring timely reporting without any major variances between sub-ledger & general ledger.• Open GR & PO Process & reporting
• Create Dunning proposal & Open item list
• Process write-offs
• Review CPD accounts and perform corrections
• Reclassification & revaluation
• Sub-ledger to General Ledger reconciliation
Later Income Service
Documentation archiving, calculation and compliance services undertaken for later income contracts, to identify any cost and revenue leakages and ensure accurate and timely reporting.
Our Later Income Service include
- Condition Maintenance & archiving
- Calculation of later income
- Creating, issuing & modifying invoices along with claims management
- Periodic checks in line with regular contract compliance
- Reporting and disclosures as per local/IFRS reporting requirements
EDI & Auto-match Services
Electronic Data Interchange (EDI) is the exchange of business documents in a standard format between companies replacing paper documents such as purchase orders or invoices with electronic data. The automation of paper-based documents would result in reducing end to end accounts payable function costs by reducing manual efforts in invoice processing and improving accuracy.
Match Rate is the level of Accounts Payable Goods invoices referenced to the related goods receipts and automatically approved by the Invoice Control system - MMS IC or SIS.
Our Services in EDI
Supplier onboarding administration
- Selection of suppliers to be onboarded
- Communication and Guidance to country on the different EDI message types
- Introduction of the self-onboarding portal to the supplier
- Tracking the supplier onboarding progress
Training for the local EDI Coordinator on
- JIRA workflow
- Classic EDI
- Web EDI
- Supplier self-onboarding portal
Project management
- Stakeholder management (METRO Digital, METRONOM, Comarch* ,Country, GSC, Infosys)
- Coordination and communication stream towards Comarch
- Handling Comarch SLA’s and contract conditions
- Provision of Accounts Payable and EDI expertise
- Strong METRO Network
- Coordination of the UAT and Supplier analysis with support of technical and operational testing
- Tracking of action items and deliverables
Our Services in Matchrate
Analysis matching results and identify reasons
- Execution of a daily match rate report at supplier level
- Identify the suppliers with the highest volume of not automatically referenced or processed invoices
- Analysis of invoice mismatches and investigation of the reasons
Identification of measures to be implemented
- Identify suitable measures for unprocessed invoices on supplier and general level
- Create documentation of analysis and findings
Implementation of corrective measures
- Guidance for adaptation of referencing rules or tolerances
- Clarification and implementation of the measures with stores or buying department
- Provide local team needed information for clarification with suppliers regarding needed improvements or changes
Follow up cycle and results reporting
- Creation of daily and monthly Match Rate reports at company and supplier level to follow up the overall improvements
- Review and analyze the immediate impact of the specific measures that were performed
Automation Services in Finance
Hyper Automation leverages existing and complementary technologies in a smart, strategic way. The METRO Business Solution Center Team assembles Robotics Process Automation with other existing workflow, web or data analytics technologies to build an eco-system within your exiting process, application and infrastructure landscape layers. Machine Learning solutions further compliment the portfolio with advanced data analytical models.
Click here to know more.
Our Automation Solution include
- Data Driven Process Discovery & Mining
- Process Digitalization
- Robotic Process Automation
- Microservices
Why Choose Us
We are a Finance Solution Center with exceptional Finance & Accounting professionals committed to providing our clients with the best customer experience. Here are a few important points as to why you should choose us.
Our Journey Snapshot
Over the past 9 years, we have collaborated with METRO Cash and Carry entities to annually process more than 4.5 million invoices seamlessly across 19 countries – Germany, Eastern Europe, Western Europe & Asia.
