# What is invoice processing for manufacturing companies?
Manufacturing invoice processing manages complex procurement workflows: (1) Direct Material Invoices - raw materials and components with strict 3-way matching against POs and receiving documents; (2) Indirect Procurement - MRO supplies, services, equipment; (3) Multi-Currency - global supplier invoices in various currencies; (4) Complex Line Items - detailed part specifications, lot numbers, serial numbers; (5) Quality Hold - invoices held pending quality inspection clearance. Key requirements include: integration with ERP systems (SAP, Oracle, Dynamics), materials management modules, automated 3-way matching, support for blanket POs and scheduled releases, handling of partial deliveries and invoices, landed cost calculation (freight, duties, insurance), and detailed audit trails for ISO compliance. Advanced features: automatic GL coding based on material categories, approval routing based on project or cost center, supplier performance tracking, and spend analytics by material type.
## Key Takeaways
- Manufacturing invoice processing manages complex procurement workflows: (1) Direct Material Invoices - raw materials and components with strict 3-way matching against POs and receiving documents; (2) Indirect Procurement - MRO supplies, services, equipment; (3) Multi-Currency - global supplier invoices in various currencies; (4) Complex Line Items - detailed part specifications, lot numbers, serial numbers; (5) Quality Hold - invoices held pending quality inspection clearance.
- Key requirements include: integration with ERP systems (SAP, Oracle, Dynamics), materials management modules, automated 3-way matching, support for blanket POs and scheduled releases, handling of partial deliveries and invoices, landed cost calculation (freight, duties, insurance), and detailed audit trails for ISO compliance.
- Advanced features: automatic GL coding based on material categories, approval routing based on project or cost center, supplier performance tracking, and spend analytics by material type.
## Related Topics
- manufacturing invoice processing
- procurement invoice
- ERP invoice processing
- 3-way matching