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George Moroses

Infor LX & BPCS Finance Tip: 3-Way Match - A validation step when paying vendor invoices in ACP500

The validation compares the order quantity and price from the purchase order, the quantity received from the ITH record, and the quantity and price on the vendor invoice. The PO, the receipt, and the invoice are the three “legs” of a 3-way match. If all three match, you have a valid invoice transaction. If the price you are about to pay does not match the price agreed on the purchase order, or if the quantity you’re about to pay for does not match what you ordered or received, the ACP500 user will want to review the discrepancy before paying the invoice. There can be legitimate reasons for a discrepancy, such as needing to prepay an invoice for an item to be received in the future. The 3-Way Match process lets the user take those extra validation steps before making the payment.

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George Moroses

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Tips:  LX | BPCS | M3

Here are 5 ways you can motivate your employees to give their best every day:

1. Train Your Employees

2. Give Your Employees the Right Tools

3. Automate Processes

4. Give Your Employees Real-Time Feedback

5. Provide Incentives to Do More

Optimize Your Manufacturing Today!

Previously, Material Requirements Planning (MRP) preferred practices meant that the component’s due date was the same as the parent’s shop order release date. Because MRP trends have changed, the preference for this due date is the day before the release date of the parent. Although Infor LX already has this functionality in Shop Order Maintenance programs (SFC500), users could not change how due dates were determined for lower level shop orders in Multi-Level Shop Order Release, SFC530D.

This enhancement provides an additional parameter for Multi-Level Shop Order Release. This parameter allows the user to change how the due date of the child components is determined. The user is now able change how the due date is determined for multi-level shop orders. If the Due Date of Children parameter is set to 1=Yes, the due date of the child components is the same as the release date of the parent. If the parameter is set to 0=No, the due date is the day before the release date of the parent.

Optimize Your Manufacturing Today!

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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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