Payment Certificates Workbench
Overview
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The Collaborit Payment Certificates Workbench enhances functionality within SAP ECC to streamline the Payment Certification Process commonly used in re-measurable contracts. This tool aids project teams by creating documents that serve as official statements confirming that specified work has been completed, verified by relevant stakeholders (architects, engineers, or owners), and approved for payment by the general contractor.
Key Features
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Direct Data Extraction: The workbench pulls data directly from SAP Materials Management, ensuring that expenditure, payment history, and approvals are always up-to-date against the relevant contracts.
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Automated Payment Requests: Capturing payment requests within SAP ECC minimizes manual entries, as vendor data is directly sourced from Materials Management, reducing errors and administrative burden.
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Reduced Manual Calculations: Payment history and approval data are automatically integrated from SAP ECC, simplifying the calculation process for project teams.
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Status Approval System: Ensures proper project governance with status tracking, detailed cost allocation at the contract line item level, and checks to prevent item budgets from being exceeded, enhancing financial oversight and visibility.
Streamline Your Payment Certification Process
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The Collaborit Payment Certificates Workbench provides a comprehensive solution for managing payment certifications effectively within SAP ECC. By automating data extraction and reducing manual input, organizations can enhance accuracy, ensure compliance, and maintain effective project governance throughout the payment certification process.