Electronic supplier payments

Requirement

Functionality for electronic payments and remittances of invoices to approved suppliers, through the banking systems of a specific country, is a normal business requirement.

All bank transactions are cleared centrally.

This country is part of SEPA. SEPA and non-SEPA payments can be processed. The SEPA Credit Transfer format is based on the general ISO 20022 standards. These specifications are based on the SEPA Credit Transfer Rulebook.

M3 solution

The supplier payment proposal is used to select the invoices and the credit invoices that are to be included in a payment run. On update of the proposal, a detailed electronic payment file, to domestic, SEPA or international banking standards (non-SEPA), is produced.

The SEPA and non-SEPA, including domestic electronic supplier payment messages, are delivered with this country version.

For this country version, these messages have been adapted, as made available in Infor Localization Services GEMS, ‘Credit Transfer - 100026’:

• ‘XC - Credit Transfer pain001 SEPA’ for local and EU SEPA transfers
• ‘SK - Credit Transfer pain001 SBA’ for local and cross-border payments, including SEPA CT payments
• 'SK - Credit Transfer MT100' for foreign payments

Configuration guidelines

Program ID	Program name	Description or comment
APS130	Supplier Payment Proposal. Open	Create a proposal, then review and confirm it.
CRS071	AP Payment Method. Open	Create a payment method and set the Bank confirm (Bank confirmation) field to 3-Yes, electronic by ABS.

See the Infor M3 Core Configuration Guide for Infor Localization Services GEMS for the detailed configuration guidelines for the applicable messages.