This activity is used to enter, change, and view supplier payment details. You can enter several payment methods, e.g., check and bank giro to be used when paying supplier invoices. If you are to pay the supplier by check, you can specify the default check recipient of the supplier. This can either be the payee or the payment institute and, it decides whose name and address will be printed on the check. You can also enter electronic payment addresses for each of the payment methods of the supplier. Specifying electronic payment addresses is not possible for all the payment methods and depends on the payment method chosen. You can also specify the interest template applicable to the supplier. You can allow netting between supplier and customer if both are part of the same company; you can also block a supplier for payment if necessary. It is possible to enter another payee who will receive payments if applicable.
You can also specify whether payment advice reports should be printed. When payment advice is payment format dependant, payment advice will be generated only if the conditions in the format is satisfied. By connecting AR supplier contact, it is possible to send some reports to supplier based on the connected output media.
This activity requires that interest templates exist. There are default templates created at system startup and these can be modified. You can create new templates in the Interest Templates page and link them to the suppliers, if applicable.
Payment methods must also exist. You can define payment methods in the Payment Methods page.
Communication methods should be defined in the Supplier/Comm. Method tab
The system effects of this entry depend on what is entered. Normally, the results are that payments can be made to either the supplier or other payee, by the payment methods that are specified.