ima_Managing Invoice Amount Variances

Managing Invoice Amount Variances

Use this feature to set the maximum percentage that a vendor's invoice amount is allowed to be over the order amount for each department without creating an exception.

Example: Assume the amount in the Appraisal department in this option is 10% and the maximum dollar amount in the Appraisal field on the Manage Order Amount option is $2000. If the vendor submits an invoice for more than $2200 ($2000 times 1.10), an exception will be created.

You must be assigned to the InvoicingSM Servicer Order Limits permission group to perform these steps.

To manage order versus invoice variances:

On the toolbar, point to Client Maintenance, Servicer's Order Limits and click Invoice Amount Variance.
The Manage Actual Invoice Amount Variance screen appears.
In the Appraisal, AVM, and BPO fields, type the percentage (in whole numbers) that an invoice is allowed to be over the order amount for each department.
Click Save.