- Industry: Computer
- Number of terms: 318110
- Number of blossaries: 26
- Company Profile:
An American multinational software corporation headquartered in Redmond, Washington that develops, manufactures, licenses, and supports a wide range of products and services related to computing.
A group that can be assigned to vendors and that controls the allowable price variance percentage for invoice matching.
Industry:Software
The currency amount of the price variance between a vendor invoice line and the corresponding purchase order line, calculated as follows:(Invoice net unit price - Purchase order net unit price) * Update invoice quantity
Industry:Software
Variable compensation in the form of company stock that is granted outright. Stock grants are almost always restricted in some manner, and vest over time. For example, a grant of 900 shares may be made available to an employee over three years, with 300 shares transferring to employee ownership at the end of each year. Dividends for the stock, however, are often paid to the employee each year based on the number of shares of the grant retained by the company.
Industry:Software
An allowance provided to an employee who is traveling for business. The per diem usually covers lodging, meals and incidental expenses.
Industry:Software
The process of matching prices on invoice lines and purchase order lines, and quantities on packing slip lines and purchase order lines, for the purpose of verifying that variances are within allowable tolerances and that invoices can be paid.
Industry:Software
A measure that shows how much of a pay range a given employee has utilized and which is used to determine the potential for additional increases within the range. Range utilization is calculated as follows: (Fixed Pay Rate – Range Minimum) / (Range Maximum – Range Minimum). If fixed pay rate equals the range maximum, then the range utilization equals 100%, pay at midpoint equals 50%, and pay at minimum equals 0%.
Industry:Software
An employee payment system that is based on measures of goals and reviews. Employees receive increased compensation for their work if they or their team, department, or company reaches certain targets.
Industry:Software
The actual currency amount per unit that is represented by the vendor invoice, calculated as follows: Invoice line net amount / Quantity on the invoice.
Industry:Software
A group of items that controls the allowable price variance percentage for invoice matching.
Industry:Software
The actual currency amount that is represented by an invoice line, calculated as follows: Purchase order quantity * (Unit price/Price unit) - Trade agreement discount + Item miscellaneous charge
Industry:Software
