Dear Sir,
We have a Project Manufacturing scenario , as we are in manufacturing of customized Industrial machine manufacturing . We are looking to know about the steps to be followed as per SAP best practices for the following business scenario .
Business Scenario
We have muti stages complex payment terms fixed with customer for execution of the order . A typical payment terms may be : 10% advance after signing of customer order , 15% advance against the Design approval, 10% advance on submission of Material procurement proof , 50% after 30 days of dispatch of ordered machine , 15% after 30 days from the successful comissioning of the machine .
For these milestone based payment , concerned department (contract dept) intimate to accounts dept about the relevanr milestone completion and then for advance claiming , a proforma invoice is raised to customer . Subsequently on receipt of advance payment , it is treated as tarde customer advance . After dispatch of goods , advances are adajusted against the Invoices . For last payment (linked with commissioning ) again a proforma invoice is raised .
We want to use SAP for this complete scenario , so that triggering of milestone completion and it's notification , raising of proforma invoice , tracking related to pending proforma invoices , advance adjustment , payment due information and it's pending traking (eg payment to be received against the Bill after 30days from date of supply) etc can be made available from SAP . Senior management , should also be able to monitor all pending receiveable in a very clear and easy way .
We request SAP experts to kindly guide us about the steps to be followed to address the above issue please .
With regards
B Mittal
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