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author's profile photo Former Member
Former Member

Looking to configure a Late payment process within Collections

I am looking to implement a follow-on late payment process within the Collections Management process for past due invoices. Has anyone done this before and if so any considerations or challenges to the process? Basically as invoices fall in arrears the specialist would have the ability to create a debit memo request in reference to the late invoice for a percentage of the open amount. This would be within the Process Receivables tab. It would go through an approval process and as approved would become a debit memo for the "late payment" with reference to the debit memo request.

Any thoughts?

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  • author's profile photo Former Member
    Former Member
    Posted on Jun 10, 2014 at 03:00 PM

    I would look at what you can achieve in the standard FI-AR Interest process.

    I dont believe there is functionality in Collections Management for this. One of the main processes is to not update FI-AR from Collections Management.

    You do have the ability to add function buttons into Collections Management (Process receivables) after Enhancement Package 5

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