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FIS / TradeFlex – New SAP to Marketplace Platforms Connectivity

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FIS / TradeFlex – New SAP to Marketplace Platforms Connectivity

FIS / TradeFlex is the hosted platform that brings together SAP (ECC or S/4HANA) and e-commerce marketplaces. The software was launched in in 2020 and at that time had deep integration with both Amazon and eBay.

In 2021, the customer-led development now see FIS / TradeFlex with a wide customer base and now with additional marketplace connectivity.

The current marketplace platforms with SAP and FIS / TradeFlex connectivity now include:

  • Amazon (Retail)
  • eBay (Retail)
  • Fnac (Retail)
  • Mercateo (B2B Trading Platform)
  • Otto (Apparel)
  • Digitec Galaxus (Retail)
  • Conrad Electronic (Electronics)
  • ManoMano (DIY / Retail)
  • Cdiscount – (Retail and Financial Services) – GO LIVE planned in Q3 2021
  • Idealo – (Product Price Comparison Site) – GO LIVE planned in Q4 2021
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New SAP Connectivity to online Marketplaces

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FIS / TradeFlex: New Connectivity to Online Marketplaces from SAP

Introduction FIS / TradeFlex is a new, hosted technology that facilitates the exchange of product data from SAP ERP with online Marketplaces such as Amazon, eBay, Otto and Mercateo. In addition the platform provides a simpler method of handling customer transactions and order fulfillment. The FIS technology is deeply integrated with SAP ERP and is controlled from one single connection. FIS Fiori App for Marketplace management Who is FIS / TradeFlex for? For organisations with SAP (ECC 6 or S/4HANA) who provide products via online marketplaces. The platform provides a simpler alternative to the manual tasks usually associated with product management and order processing with online marketplaces. The platform provides deep connectivity with SAP ERP and also the functionality to access data from other applications used in online marketplace management. i.e. Product Information Management Systems (PIMS). Online marketplace logos Key Information: FIS / TradeFlex
  • Comprehensive and deep process integration with SAP ERP
  • End-to-end process inclusivity
  • Full transparency of expenses and revenues including reporting tools
  • Central management of online marketplace activities from one application
  • Significantly increased visibility and coverage range of your brands and enterprise
  • Offers transparent and efficient customer service
  • Fast and effective testing of new online marketplaces to accelerate campaigns and product launches
  • No new development and interface programs required
  • A central platform for managing several online marketplaces
  • The Fiori app consolidates tasks into one application with enhanced functionality for process management and data exchanges.
  • Non-invasive to SAP standard – no modifications to SAP ERP are made
  • Simplifies managing product selection, campaign management, pricing, shipping and inventory levels
Amazon Marketplace Current Marketplace Integrations with FIS / TradeFlex
  • Amazon - multi-national e-commerce company
  • eBay - e-commerce company
  • Fnac - French based retail chain with e-commerce platform
  • Mercateo - online B2B e-procurement platform
  • Otto - mail order and one of the world's largest e-commerce platforms
  • Digitec Galaxus - largest online retailer in Switzerland
  • Conrad - major electronic goods retailer
  • ManoMano - French DIY online platform
  • Cdiscount - French e-commerce platform offering both products and financial services
  • Idealo - German based price comparison site
 
 
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Automated Invoice Postings for SAP

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Deeply integrated with SAP, FIS technology automates the posting of invoices and provides efficient tools for the management of invoice exceptions and queries

saving time saving money

FIS / edc (electronic document centre) is an SAP certified technology add-in that automates the processing of invoices and other documents such as credit memos, sales orders, customer payment advice notes and vendor statements with minimal manual intervention.

The automated invoice posting technology reduces manual tasks and eases time pressure on the accounts team. As a result, the administration burden is taken away from businesses.

Our software processes integrate with SAP to generate  financial savings as documents are processed automatically (no touch processing) and queries are handled more efficiently than with SAP standard.

The software is installed on the same IT infrastructure as SAP with no modifications to SAP standard required. The add-in technology works with the SAP database so that information is presented in real-time.

The integrated technology also includes additional functions to make business more efficient - specifically for the accounts team and invoice approvers.

FIS / edc (invoice monitor)

FIS / edc (invoice monitor) is normally paired with our automated data entry application. Combining these two technologies facilitate the posting of a high percentage of invoices in SAP without the involvement of the accounts team resulting in an unmatched "blind-booking" rate (no touch processing).

The application is further enhanced with the email invoice reader, which eliminates the need for printing or scanning of invoices sent as email attachments.

Invoice data for PO related invoices is compared to the open PO data and goods receipt data from SAP at item-line (position) level. A 3-way match, within a given tolerance, allows invoices to be posted automatically.

Approval Workflow

The Invoice Monitor supports several workflow functions including a workflow application running on the Web Dynpro platform, which allows approvers to action the invoice with forwarding and account assignment functions.

Invoice approval may also be completed from mobile devices and desktops via a FIS Fiori app. This solution provides a simplified workflow design for tablets, smartphones and desktops.

For organisations:

  • Wishing to automate the vendor payment process and make savings when booking invoices into SAP
  • Requiring a substantial increase in the quality of the supplier invoice data
  • With a substantial SAP ERP investment who are looking to enhance the payment processes and make financial and time savings
  • Reduce the degree of manual keying and administration tasks within the current process
  • Wishing to make digital transformations in their current processes

Alternative to:

  • Standard SAP ERP module
  • Physical movement of financial documents
  • Manual keying of data with no validation checks
  • Printing and scanning emailed invoice attachments
  • Using email as a workflow tool

Technologies:

  • FIS / edc has versions for both SAP ECC 6 as well as SAP S/4HANA
  • Flexible import of invoices via OCR and EDI
  • Line matching (MM) of invoice data with SAP data i.e. open orders and goods receipts in real time.
  • Automatic account assignments
  • Workflow options using SAP standards Web Dynpro and Fiori apps
  • Reporting tools to identify issues and bottlenecks to assist with further process improvements
  • Transparency and history audit for each invoice
  • Deep SAP ERP integration with worklists for accounts payable users
  • Presentation of EDI transactions as a standard PDF

Benefits:

  • Higher productivity of accounts payable teams with more functions in a familiar SAP standard GUI, freeing up time from repetitive tasks
  • Faster supplier payments - meeting corporate specific service levels
  • Invoice image displayed in FIS/edc and workflow modules as well as SAP ERP
  • Harnesses the intrinsic power of SAP ERP
  • Integrated into SAP but with no need for modifications to SAP ERP standard - quick enhancement pack and upgrade changes
  • Data stored once in SAP database - no data exchanges with external software
  • High blind booking rate - particularly for emailed invoices
  • Efficient interrogation tools for exceptions / query management
  • High financial return on investment
  • AP team directed to more value-added work as FIS/edc automates labour intensive tasks
  • Reduction in long invoice processing times
  • Transparency and visibility of the entire P2P process

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FIS Information Systems UK Limted at 3M Innovation Centre

FIS Information Systems UK

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FIS Information Systems UK

FIS UK specialise in providing technologies than digitise and automate business processes.

FIS Information Systems UK Limted at 3M Innovation Centre

FIS Information Systems UK Headquarters

Our core solutions include:

  • Invoice Processing for organisations with SAP
  • Document Intelligent Data Extraction
  • Email attachment processing
  • Invoice Statement processing for organisations with SAP
  • Sales Order Creation for organisations with SAP.
  • Master Data and Price Management for organsiations with SAP
  • Business System Integration for organisations with SAP
  • On-line marketplace management for organisations with SAP
  • SAP Certified Document Management and Archiving

Artificial intelligence and Machine Learning are functions that are built into several of our solutions. FIS will continue to build our skills and expertise in this fast developing field.

 

 

 
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FIS Develops Apps for Approval and Reporting – SAP Fiori

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FIS develops mobile apps for invoice approval and reporting running on SAP Fiori

FIS Information Systems develop several SAP (ECC6 or S/4HANA) integrated applications to improve business processes.
FIS / edc (invoice monitor) as an application that is used for automatic invoice processing in SAP. For invoice approvals the system uses an approval workflow running on SAP Web Dynpro. 
As an additional option, FIS have now created an invoice approval process running on SAP Fiori. The “mobile approval procedure” app, which is based on the SAP Fiori app standard, has been developed for invoice processing.
The app works with the FIS / edc business logic and provides the user with the intuitive design of Fiori apps. When accessing via launchpad, the number of the workflows to be approved is displayed on the app tile.
Invoices are displayed in different colours depending on the urgency level. A detail screen displays the header data of the document.
Further Fiori apps have been created to provide detailed reports for processing rates per company code over a given timeframe.