Fully Automatic Payments

Because supplier documents have release amounts and dates Acumen is able to generate your payments automatically for all of the documents you have released within a given period. To aid you in controlling this powerful facility you can use various factors to limit the payments so raised.

Automatic payments can be raised for documents as follows:

• The supplier range can be limited (ie. select a from and to supplier)

• The type of supplier can be limited (select a single supplier type or all)

• You can select the range of release dates to be considered (eg. pay all documents released for payment on or before the end of the month)

When run, the automatic payments option generates payment documents complete with allocations, and settlement discount if applicable, for each document being paid. You will naturally want to review these payments. To aid this, the system records an automatic payment ID on each payment document to allow you to identify which payments it created. These payments can be reviewed individually and processed as reviewed or you may use the Payment Processing facility to bulk select payment for processing and remittance printing. Cheques can be printed for individual payments or the cheque processing facility can be used to print selected Creditors Payments, General Ledger cheques, etc. See Banking for details.