Name: Project Paychain
SKU: display-0000059090_live_v1
Availability: InStock

Automate project payment processes across organizational boundaries

Project Paychain

byLarsen & Toubro Infotech Limited

Automate project payment processes across organizational boundaries

Seamless collaboration across stakeholders to maintain project specific receivable & payable contracts and generate periodic ‘Progress Applications’ & 'Payment Certificates' (with approval workflows and compliance documents) in integration with SAP S/4HANA.

Certifications

Solution Types

Extensions and Add-ons

Works with

Benefits and Features

Benefits

Get visibility of customer Contract line-item wise performance & Proj. Cashflow

The intelligent theme of Paychain enables mapping of key vendor/subcontractor contract line items with respective line item of customer contract. This provides thorough visibility of customer contract line item-wise performance in terms of project receivable and payable.

Collaborate with Partners on real-time and simplify BOQ Progress Application

Multiple progress entry (quantity, percentage, absolute value) options & business-centric views (Current, Previous, Cumulative) provide easy-to-use interface. The progress entry can be mutually agreed and derived w.r.t project receivables & payable through real-time collaboration between partners.

Generate Invoices & Payment Certificates automatically

Post progress approval, Project Paychain facilitates auto-invoice generation for customer and vendor contracts, as agreed between stakeholders. The product also creates interim and final payment certificates automatically w.r.t local regulatory norms.

More Benefits

Industry specific contract structure set-up

Master & child contract (e.g. Unit Rate, Milestone, T&M) details, Hold-back terms, documents for submission with approver & reviewer details for approval cycle can be set-up quickly through seamless integration with back-end SAP ERP (e.g. SAP S/4HANA or ECC6.0).

Sales order - purchase order linkage

Addresses industry-specific scenarios, such as “Pay when get paid” and “Implementing back-to-back clauses” through linking vendor/subcontractor purchase order to customer contract line-item and analyzing the revenue vs costs at the customer contract line item level.

Easy Payment Application creation & processing

Create and manage payment applications from start-to-finish, based on project progress, workflows, hold-backs, etc. by collaborating with suppliers and subcontractors through controlled (restricted to individual contracts only) and secured SAP Cloud based solution platform.

Change order execution & contract management

Manage increases/decreases to prime contract, documentation, client-specific templates, approval workflow, etc., along with corresponding changes in subcontracts, payment certificates and workflows.

More Features

Plans and Pricing

SAP S/4HANA Cloud (STE) Edition

From

USD

50,000

.00

Per One-Time

SAP S/4HANA Cloud (STE) Edition

Quick cloud deployment

Clinical Contract and Subcontract management

Easy project payment management

SAP S/4HANA On-Prem Edition

From

USD

100,000

.00

Per One-Time

SAP S/4HANA On-Prem Edition

Quick cloud deployment

Clinical Contract and Subcontract management

Easy project payment management

One-time License Cost + 22% of One-time Cost for annual maintenance

Technical Information

The information contained in this section is provided by the publisher.

Solution Types

Works with

Certifications

General

Deployment

Operations

Security

Compliance

Globalization