Payment Terms from external financial applications are published to RMS to identify various payment conditions associated to a supplier. Payment Terms are created in external financial applications as a separate entity and then it gets associated to a supplier when a new supplier is created.
Retailers often use a complex system of Payment Terms to choose the most favorable schedule for payments to a Supplier or Partner. This system is based on Payment Terms that allow for static and non-static payment dates, detailed discount windows and ranked choices. Terms Ranking is a cardinal representation of the relative financial merits of a set of Terms, based on an external calculation (often performed within Oracle Financials or other financial applications).
|
Message Type |
XSD |
|
paytermcre |
|
|
paytermmod |
|
|
paytermdtlcre |
|
|
paytermdtlmod |