4.2 Accept/Reject Discount Offer
This topic provides systematic instructions for the supplier to either accept or reject discount offers that have been linked to invoices.
Note:
The Accept/Reject Discount Offer tile is not displayed if the Supply Chain Finance Module is not implemented by the bank.- In the Manage Receivables/Payables screen, click the Accept/Reject
Discount Offer tile. A list of relevant receivables/payables appears on which a discount offer each has been raised.
Figure 4-4 Manage Receivables/Payables – Accept/Reject Discount Offer action selected
Field Name Description List of Receivables/Payables (number selected) This section displays a list of receivables/payables against which the ‘Accept/Reject Discount Offer’ action can be effected. Once you select one or more receivables/payables, the number of receivables/payables selected appears in brackets. Select Multiple Switch on to select multiple receivables/payables for accepting/rejecting discount offers. Multiple discount offers can be accepted/rejected in the same transaction, only when the name of the discount offers, the date and the due date of the receivable/payable are the same. Once this switch is enabled, check boxes appear beside the receivables/payables, for selection. Search Specify the partial or full receivable/payable reference number / associated party name / status to search for specific receivables/payables. The results appear as and when you enter the data. Accept/Reject Discount Offer This hyperlink is enabled only when the Select Multiple switch is enabled and when you select one or more receivables/payables. It enables accepting/rejecting the offer applied to multiple receivables/payables in one click. Only those receivables/payables can be selected, whose date and due date are the same and where the same offer has been applied. On clicking this link, the Early Payment Discounts overlay window appears where you can view and accept/reject the linked discount offer. For more information, refer the Early Payment Discounts section below. 
Click this icon to filter the receivables/payables, based on certain criteria. For more information, refer the Search (overlay window for Manage Receivables/Payables) section below. Check Box To select all the receivables/payables in the list, select the main check box. To select specific receivables/payables, select the check boxes beside those receivables/payables. The check boxes appear only when the Select Multiple switch is enabled.
Indicator Displays ‘I’ for invoice. Reference Number Date Displays the unique reference number of the receivable/payable. The reference number is a hyperlink, which when clicked, displays the receivable/payable details in an overlay window. The date of creation of the receivable/payable is also displayed.
Associated Party Role User can search the receivables/payables by providing the associated party. The drop-down lists all the on-boarded associated parties and the list of on-boarded associated party is categorized by: - Anchor Buyer
- Anchor Supplier
- Counter Party Buyer
- Counter Party Supplier
Offer Name Displays the name of the offer linked to the receivable/payable. Due Date Displays the date when the receivable/payable must be fully paid off. Outstanding Amount Displays the receivable/payable amount that is yet to be received/paid. The discount offer icon is displayed beside this amount.
Remarks Once you accept or reject a discount offer, this field displays relevant remarks (regarding the acceptance or rejection). Action Indicates an option to either accept or reject the discount offer. On clicking this link, the Early Payment Discounts overlay window appears where you can view and accept/reject the linked discount offer. For more information, refer the Early Payment Discounts section below.
Figure 4-5 Early Payment Discounts Table 4-4 Early Payment Discounts - Field Description The colour-coded discount rate type is also
displayed below the offer name. This can be either
Fixed or Tenor Based.
The
applicable discount rate is displayed in the top right
corner of each tile. Displays Fixed, in case this option has been
selected during discount offer creation. This field is not
editable in this case. Use the date selection slider above
to set a fixed date for payment. The discount offer is
applicable only when the payment is done on this particular
date.
Displays both ‘Fixed’ and
‘Flexible’ if Both option has been selected during
discount offer creation. In this case, you can select either
the Fixed Date or the Flexible Date option for
payment. If you select the Fixed Date option, then
use the date selection slider above to set a fixed date for
payment. The discount offer is applicable only when the
payment is done on this particular date.
Field Name
Description
Offer Name Discount Rate Type
Displays the name of the applied offer.
Associated Party
User can search the receivables/payables by
providing the associated party. The drop-down lists all the
on-boarded associated parties and the list of on-boarded
associated party is categorized by:
Amount
Displays the receivable/payable amount. If the
Select Multiple Switch is enabled, then this field
displays the total amount of all the selected
receivables/payables.
Receivable Amount
Displays the outstanding receivable amount. If
the Select Multiple Switch is enabled, then this field
displays the total outstanding amount of all the selected
receivables/payables.
Select Payment day to avail best
discounts
Move the slider along the date line to select a
particular payment date and to view the discount being offered
on that date. The start date of the slider is always the current
business date. The invoice due date is the end date of the
slider. The payment date and discount rate are displayed in the
receivable/payable tile below.
Receivable/Payable tile(s)
If the Select Multiple switch is enabled, then a tile
is displayed for each selected invoice.
Reference Number
Displays the reference number of the
receivable/payable.
Payment Date
Displays the payment date that is selected using
the slider.
Discount Amount
Displays the discount amount applicable.
Amount After Discount
Displays the receivable/payable amount after
application of discount.
Slide Scale
Displays Yes if the Sliding Scale
Applicable switch has been enabled during discount offer
creation, and No, otherwise.
Payment Option
Displays Flexible, in case this option has
been selected during discount offer creation. This field is not
editable in this case. You can use the date selection slider to
view what discount is available on what date.
Payment Period and Discount
Options
This section is displayed only for Tenor
Based discount rate type. It displays a table with the
Payment Period and the applicable Discount
Rate. In case Slide Scale is ‘Yes’, then instead of
Discount Rate, the Highest Possible Discount Rate and the
Lowest Possible Discount Rate are displayed.
- Click Accept to accept the discount offer. Or, click
Reject to reject the discount offer
- Click Submit to submit the accept/reject discount offer
transaction. The Review screen appears. Or, do one of the
following:
- Click Cancel to cancel the transaction.
- Click Back to go to the previous screen.
- Review the details and click Confirm. A confirmation
message appears with the reference number and status of the transaction.
- Click Cancel to cancel the transaction.
- Click Back to go to the previous screen.
Parent topic: Manage Receivables/Payables