{"id":1731,"date":"2014-06-25T16:19:30","date_gmt":"2014-06-25T16:19:30","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=1731"},"modified":"2022-05-12T08:58:18","modified_gmt":"2022-05-12T08:58:18","slug":"accounts-payable-complexities-in-china","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2014\/06\/accounts-payable-complexities-in-china\/","title":{"rendered":"Accounts Payable Complexities in China"},"content":{"rendered":"

As models for Global Process Ownership become more common, increasingly companies are looking for insights from peers to regional or country-specific processing requirements.\u00a0 When deviations from a global standard are required there is nothing more valuable than having the direct insight into the practices followed by peer companies.<\/span><\/p>\n

Recently, a Peeriosity member used iPollingTM<\/sup> to inquire about how peer companies process invoices from suppliers in China.\u00a0 The local complexity happens because the Chinese tax authorities use a system called \u201cfapiao\u201d to collect business taxes; an invoice processing peculiarity that happens only in China.\u00a0 Traditionally, the fapiao process requires invoices to be received and coded by the user prior to processing.\u00a0 The question posed by this $25B+ global company was how peers were receiving invoices from suppliers in China, with a follow-up question to ask about the type of workflow system that was then used to gain the necessary approvals for processing and payment.\u00a0\u00a0<\/span><\/p>\n

Results from the iPolling questions suggest that 50% of companies receive invoices from China-based suppliers by postal mail directly to the user, with 25% receiving invoices by postal mail directly to Accounts Payable<\/a> and 17% receiving invoices by postal mail directly to a scanning center.\u00a0 Only 8% receive invoices electronically with originals sent by postal mail afterward.<\/span><\/p>\n

\"ipolling<\/p>\n

For workflow systems, 33% are using their ERP and 59% use some other type of purchased workflow system<\/a>.\u00a0 Here are the details:<\/span><\/p>\n

\"ipolling<\/p>\n

Below are some of the comments members added to their responses:<\/span><\/p>\n