Executing the Company-Initiated Payment Run

The payment run processes payments automatically using the run parameters such as house bank, paying company code, payment method and due date as well as the technical settings for scheduling and parallel mass processing.

The payment run is created, scheduled, executed and monitored by the administrator.

The payment run can be executed as a simulation run prior to the actual payment run. The simulation run creates a payment list, but no payment documents.

The payment run carries out the following steps:

• Selecting open items based on run parameters and due date.
• Grouping open items into payments or debit memos.
• Selecting open items for clarification.
• Determining payment methods.
• Determining house bank.
• Posting payment documents and clearing open items.
• Creating payment list to check payments and exceptions.
• Creating payment medium depending on the payment method:
  • Check printout using the Print Workbench.
  • Payment medium file in all required and pre-configured formats:
    • Incoming Bank Direct Debit with/without SEPA Mandate.
    • Incoming Credit Card Payment.
    • Outgoing Bank Transfer.
    • Outgoing Check Printout.

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