One of the suggestions to automate the existing manual process for billing of suppliers’ income is by using the functionality of REFX. All contracts can be updated in REFX and the billing can be run according to agreed frequency, monthly or quarterly. Both fixed and sales based billing can be managed through REFX.
From finance perspective, the only setback is the MI reporting bit , where all billing captured in REFX is actually reflected in C4 line, hence the need to raise a change request to enable the suppliers’ income billing to be reflected in the correct GL under C2 line item
In order to justify the need for change, I would like to get a few information from your side in order to calculate the expected benefit to be derived if we were to move to an automated process :
1) How much time is currently being spent by the team (Sommom & Pakpoom) to process the billing (getting the sales report, calculating the amount to bill, filling in the billing template, getting the approval, updating tracker etc) before the billing is sent to Manila?
2) For monthly billing, which day do we normally receive the sales report from the 3rd party, and which workday we normally send the request to Manila? Please provide same information for quarterly billing as well.
Hi Soomom, Pakpoom,
Hope to get the information soonest possible for me to proceed with the benefit calculation. Kindly note that we are looking to do the change not only for TH, but also for the benefit of other OUs such as MY & PH.