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.
Overview
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.
Details
Solution type
Extensions and Add-ons
Industry
Oil, Gas, and Energy, Engineering, Construction, and Operations
Compatibility
Works with
Features
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.
Plans and pricing
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
Includes 1000000 Annual cumulative project value Price unavailable in this regionQuick cloud deployment
Clinical Contract and Subcontract management
Easy project payment management
One-time License Cost + 22% of One-time Cost for annual maintenance
Includes 1000000 Annual cumulative project value SAP S/4HANA Cloud (STE) Edition
Quick cloud deployment
Clinical Contract and Subcontract management
Easy project payment management
Includes 1000000 Annual cumulative project value Price unavailable in this region- Minimum contract 1 year
Quick cloud deployment
Clinical Contract and Subcontract management
Easy project payment management
Includes 1000000 Annual cumulative project value
Customer reviews
Technical Information
| Solution type | Extensions and Add-ons |
| Category | Enterprise Resource Planning |
| Industry | Oil, Gas, and Energy, Engineering, Construction, and Operations |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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Auditable logging and tracing This product offers auditable logging and tracing capabilities to aid in debugging and troubleshooting. |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
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| Compliance |
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Resources
LTI Project Paychain Video
Publisher
LTIMindtree Limited
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.
