JD Edwards EnterpriseOne Grower Pricing and Payments Overview

Agribusiness companies that create and maintain contracts with growers, monitor the compliance of terms and conditions of the contract, and pay growers for their products in accordance with the contract terms, use the JD Edwards EnterpriseOne Grower Pricing and Payments system from Oracle. Grower contracts include details such as contract terms and renewal extensions, payment terms, contract clauses, action dates for reminders of required signatures, responses, reviews, and amendments.

Throughout the growing cycle, you can review information online and in report format that shows payments that are due, payments that are coming due, and payments that have been issued thus far for a given contract or grower.

The JD Edwards EnterpriseOne Grower Pricing and Payments system provides a flexible payment schedule that enables you to pay multiple payees with multiple payment dates throughout the growing cycle. Payment terms and due date rules for payees can be set up for advance payments, interim payments, proceed payments, and final payments.

When you review the harvest receipts, you can waive penalties or bonuses or add adjustments to the final price. During the final settlement, the JD Edwards EnterpriseOne Grower Pricing and Payments system generates final vouchers and issues payments to pay the remaining amount owed to payees, and amounts owed for assessments and deductions.

After the remaining amount owed on a contract is zero and you have created final payments, you submit a final settlement statement to the grower. Because the final settlement statement provides a "snapshot" in time, you can submit it with advance and interim payments as an interim statement.