Invoice Processing and Three-Way Matching
Infor LN AP supports automatic, semi-automatic, and manual invoice matching through session tfacp0110s. Three-way matching compares purchase invoice lines against purchase order quantities and goods receipt entries. Configuring match tolerances in tfacp0101m determines how strictly the system enforces price and quantity variances before allowing invoice approval.
- Configure invoice matching parameters in tfacp0101m including price tolerance percentages and quantity variance thresholds
- Set up automatic matching rules in tfacp0515m to auto-approve invoices within defined tolerance bands
- Define match exception handling workflows to route discrepancies to purchasing or receiving for resolution
- Enable self-billing (Evaluated Receipt Settlement) through tfacp0150s for high-volume vendors with stable pricing
- Configure prepayment and advance payment handling for project-based and milestone billing scenarios
Approval Workflows and Payment Scheduling
Infor LN integrates with ION Workflow for invoice approval routing based on amount thresholds, cost center ownership, and budget availability. Payment scheduling through tfacp0520m optimizes cash outflow by grouping payments by due date, payment method, and banking partner while maximizing early-payment discount capture.
- Define approval hierarchies based on invoice amount, vendor category, and cost center allocation using ION Workflow
- Configure payment methods in tfacp0501m including wire transfer, ACH, check, and electronic payment formats
- Set up payment scheduling rules in tfacp0520m to batch payments by due date and optimize cash flow timing
- Enable early-payment discount tracking to automatically prioritize invoices where discount capture exceeds cost of capital
Vendor Management and AP Analytics
Effective AP automation requires clean vendor master data maintained through tccom4100s. Vendor payment terms, banking details, tax configurations, and compliance documents must be accurately maintained. LN provides AP aging analysis, vendor performance metrics, and cash requirement forecasting to support treasury and procurement decision-making.
- Maintain vendor master records in tccom4100s with accurate payment terms, bank details, and tax registration numbers
- Configure vendor evaluation scorecards integrating AP metrics like invoice accuracy and payment term compliance
- Generate AP aging reports and cash requirement forecasts to support working capital optimization decisions
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