Supply Chain: Business Process

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The business processes covered by TWIST standards so far are

  1. Collaborative Ordering Process
  2. Invoice and Dispute
  3. Remittance Advice

These processes are key to effectively automating and managing the Financial Supply Chain. In addition, they help to close the gaps with the Physical Supply Chain.

More specifically they help with the reconciliation and management of the Receivables. Specifically, the automation of these processes facilitates the automation of reconciliation between the following information flows: Purchase Order to Invoice, Invoice to Remittance Advice, Remittance Advice to Credit Advices.



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