Functional Features

Introduction of Currency Conversion support for linking PO and Invoice

As part of this release, following enhancements are carried out to facilitate Currency Conversion when a PO is linked with an Invoice in scenarios where PO and Invoice are raised in different currencies.

Enhancement to Create Receivables and Payables

Create Receivables and Payables screen for Instrument Type Invoice is enhanced with the following changes to support Currency Conversion during linkage of PO with Invoice.

Link Purchase Orders sub-section is updated to include the below fields:
- Invoice Allocated Amount (PO Ccy)
- Exchange Rate
- Invoice Allocated Amount (INV Ccy)
Commodity Details sub-section is updated to include the below fields:
- Net Cost (PO Ccy)
- Net Cost (INV Ccy)

Enhancement to Purchase Order Inquiry

Purchase Order Inquiry screen is enhanced to support Currency Conversion during linkage of PO with invoice. Exchange Rate field is added in the Linked Invoice Details tab of the Purchase Order Details pop-up window.

Enhancement to Receivables Inquiry

Receivables Inquiry screen is enhanced to support Currency Conversion during linkage of PO with invoice. Exchange Rate field is added in the Linked PO's tab of the Invoice Details pop-up window.

Enhancement to Invoice File Upload Format

The Invoice File Upload format is also enhanced to support Currency Conversion during linkage of PO with Invoice.

Currency Conversion support for Conversion of Pre-Shipment finances to Post-Shipment finances

Currency Conversion support is introduced to facilitate the conversion of a pre-shipment-based loans to a post-shipment-based loans in scenarios where PO and Invoice are raised in different currencies.

Enhancements to Disbursement transactions UI

Pre-shipment Liquidation tab in the Disbursement transactions screen is enhanced to display the following values in the Pre-Shipment to be Liquidated sub-section:

Finance Outstanding/Appropriated (Invoice Finance Currency)
Exchange Rate
Finance Outstanding/Appropriated (PO Finance Currency)

Enhancements to Settlement transactions UI

Basic Info tab in the Settlement transactions screen is enhanced to display the following values in the Post-Shipment Disbursement Details sub-section:

Pre-Shipment Settlement Amount (Invoice Finance Currency)
Exchange Rate
Pre-Shipment Settlement Amount (PO Finance Currency)

Introduction of Multi-Branch Support for Products

As part of this release, Multi-Branch support for Product maintenance is introduced to enable financial institutions to define or restrict the use of a product across multiple branches.

Enhancements to Product Parameters

As part of this enhancement, Product Parameters screen is enhanced with the following changes.

Branch field is updated as a Radio toggle button to define the product applicability with the following values:

All
Allowed
Restricted

Allowed Branches/Restricted Branches section is introduced in the Basic Details tab if the user selects Allowed or Restricted in the Branch field. The user can select multiple branches:

Selecting the branches under ‘Allowed’ category automatically restricts the availability of the product for all the other branches.
Selecting the branches under ‘Restricted’ category restricts the product availability only for the specific branches selected. This automatically means that the product defined will be available for all other branches.

Impact to Maintenance Screens

As part of this enhancement, Maintenance screens are impacted with the following changes.

Products relevant to the user’s branch only will be displayed in all the maintenance screens where product selection is required.
Programs relevant to the product only will be displayed in all the maintenance screens where program selection is required.

Processing Changes

The following processing changes are carried out to facilitate multi-branch support for the products.

‘User does not have privileges to modify/authorize this product’ warning appears when the user tries to modify the product for which the branch does not have access.
When a product is defined for multiple branches, modification of that product record is allowed only for users with access to the respective multiple branches.
When a product is restricted for specific branches, modification of branches for the product record displays the following warnings:
- Switch from Restricted option – “Product linkage to selected Restricted branches will be overwritten”
- Switch from Allowed option – “Product linkage to selected Allowed branches will be overwritten”
- Switch from ALL option – “Product linkage to All branches will be overwritten”

Introduction of Finance Amendment

As part of this release, Finance Amendment feature is introduced in the application wherein the tenor of a disbursed finance can be extended or reduced for valid business scenarios.

Introduction of Finance Amendment UI

As part of this release, Finance Amendment UI is introduced to enable bank users to modify the tenor of an active loan. For more information, refer to Finance Amendment section in the Supply Chain Finance User Guide.

The Finance Amendment screen can be accessed in the following path:

Supply Chain Finance > Finance
                    Amendment

Finance Search/Selection section with a number of fields is provided to search for active finances.
List of Finances section is provided to display the search results list of finances.
Bulk Amendment toggle switch is provided to select and amendment multiple finances together.
View Amendments hyperlink is provided in the List of Finances section, to display the details of the original and modified values.
Maturity Date field is provided below the List of Finances section to enable the user to modify the maturity date of the finance.
The following fields are provided below the List of Finances section displays the details of the selected finances:
- Grace Days
- Past Due Date (Non-Editable)
The following fields are provided below the List of Finances section displays the details of the modified finances:
- Total Finances
- Total Finance Amount

Amendment Processing Workflow

As part of this release, following processing workflows are introduced to extend or reduce the tenor of a disbursed finance.

The status of the Finance remains the same after the amendment operation.
Amendment can be used to modify the maturity date of an active finance even if the loan has become overdue, provided no settlements are made against penalty components. Once modified, the delinquency status of the finance will be updated.
Maturity date of a finance cannot be reduced before current business date/amendment date.
The application will verify the Min Tenor, and the Max Tenor when the tenor of a finance is modified.
The application generates an Interest Refund when the tenor is reduced for a Front Ended finance during amendment operation.
The application collects an Interest Due when the tenor is extended for a Front Ended finance during amendment operation.
Maturity date for a finance can only be changed to an effective date wherein it does not affect the schedules of Interest/Charges components that are partly/fully liquidated i.e., revised maturity date should not be beyond the last liquidation date.

Introduction of Finance Amendment Tasks UI

As part of this release, the Amendment task screen is introduced in the application. When a finance is amended, an amendment task is created in the system based on the associated system, product, and/or program parameters.

The Amendment tasks can be accessed from the following path:

Tasks > Finance > Free
                    Tasks

The following data segments are provided for the Amendment operation:

Basic Information
Party
Interest
Charges
Amendment
Summary

Enhancements to Maintenance Screens

As part of this release, the following maintenance screens are enhanced to support the Finance Amendment feature.

System Parameters:

Following fields are introduced in the in the Finance Parameters tab:

Amendment Auto-Processing
Amendment Auth Required
Validate Limits for Finance Amendment
Maximum Records for Finance Amendment

Product Parameters:

Following fields are introduced in the in the Finance Parameters tab:

Amendment Applicable
Amendment Auth Required
Amendment Auto-Processing

Program Parameters:

Following fields are introduced in the in the Finance Parameters, and Link Spokes tabs:

Amendment Auth Required
Amendment Auto-Processing

Charge Decisioning:

Amendment value is introduced in the Event field of Charge Decisioning maintenance screen to define charges for Amendment.

Accounting Entries:

Amendment value is introduced in the Event field of Accounting Entries maintenance screen.

Accounting Entry Code:

Additional Interest value is introduced in the Debit Amount Type and Credit Amount Type fields of Accounting Entry Code maintenance screen.

External Account Mapping:

Amendment value is introduced in the Event field of External Account Mapping maintenance screen.

Internal Account Mapping:

Amendment value is introduced in the Event field of Internal Account Mapping maintenance screen.

Alert Decisioning:

Following values are introduced in the Event drop-down field in Alert Decisioning maintenance for Alert Category type Finance .

Finance Amendment
Finance Amendment In Progress

Alert Definition:

Following values are introduced in the Event drop-down field in Alert Definition maintenance for Alert Category type Finance .

Finance Amendment
Finance Amendment In Progress

Enhancements to Finance Inquiry

As part of this release, Finance Inquiry screen is enhanced to display the amended finance transactions. Following changes are introduced in the inquiry screen:

Amended Finances field is introduced with the below values:
- Yes
- No
- All
Amendment data segment is introduced in the Finance Reference Number hyperlink similar to the Disbursement/Settlement data segment with a card layout displaying the below details:
- Basic Information
- Party
- Interest
- Charges
- Amendment
- Summary

Introduction of Risk Free Rates

As part of this release, Oracle® Banking Supply Chain Finance application supports the Risk Free Rates (RFR). RFR's are a benchmark in financial transactions that are designed to exclude risk solely for economic factors and are more robust and less susceptible to manipulation than interbank offered rates (IBORs), such as LIBOR.

Enhancements to Interest Maintenance

As part of this release, following maintenance screens are enhanced to include the fields related to Risk Free Rates.

Interest Pricing:

Alternative Risk Free Rate field is introduced with the below values:
- Yes
- No
Rate Code drop-down field will now list RFR rate types, some of which are captured below, when the Alternative Risk-Free Rate flag is set to Yes. Please note that other RFR rate type can also be defined.
- Secured Overnight Financing Rate
- Swiss Average Rate Overnight
- Sterling Overnight Index Average
- EURO Short Term Rate
RFR Details section is introduced with the below fields:
- RFR Method drop-down with the below values:
- Look Back
- Lockout
- Interest Rollover
- Plain
- Last Recent
- Last Reset
- Index Value
- Lookback Days
- Lockout Days
- Rate Compounding
- RFR Rounding Unit

Interest Rate Decisioning:

Following fields are displayed if the Interest Pricing selected is a Risk Free Rate.

Spread/Margin Computation Method field with the below values:
- Compounding
- Normal
Spread Adjustment Computation Method field with the below values:
- Compounding
- Normal
Rate Computation Method field with the below values:
- Cumulative Compounding Rate (CCR)
- Non-Cumulative Compounding Rate (CCR)
The above fields are added to the search results grid as a non-default field.
Interest Pricing hyperlink is enhanced to display the Risk Free Rate section with the below fields:
- RFR Method
- Lookback Days
- Lockout Days
- Payment Delay Days
- Rate Compounding
- RFR Rounding Unit
- Spread/Margin Computation Method
- Spread Adjustment Computation Method
- Rate Computation Method

Enhancements to Disbursement and Settlement Transactions

As part of this release, Interest tab in the Disbursement and Settlement transaction screens are enhanced to display the following changes:

Interest/Penalty Amount Details section is introduced with the below fields:
- Interest Amount
- Penalty on Principal
- Penalty on Interest
Interest Details, Penalty on Principal Details, and Penalty on Interest Details sections are enhanced to display the below fields in addition to the existing fields:
- Rate Pricing Rule
- Applied Filter Criteria
- Risk Free Rate
Additional Details hyperlink of Interest Details, Penalty on Principal Details, and Penalty on Interest Details sections are enhanced to display RFR Details tab in the pop-up window with the below fields:
- RFR Method
- Lookback Days
- Lockout Days
- Payment Delay Days
- Rate Compounding
- RFR Rounding Unit
- Spread/Margin Computation Method
- Spread Adjustment Computation Method
- Rate Computation Method

Introduction of Schedule of Charges

As part of this release, the following sections are enhanced to display the schedule of charges if the charge collection is Periodic to make sure that the bank users are aware of all the charges levied for the entire period.

Charge Details grid in Charges tab for Disbursement and Settlement transactions:

Batch label is renamed as Periodic label for both Collection Type and Calculation Type fields.
Charge field is enhanced to display the Charge Description instead of Charge Code.
Charge Collection Type field is introduced next to Charge Pricing Rule field with the below values:
- Online
- Periodic
Schedule of Charges tab is introduced along with Charge Details in the Charge Details hyperlink when the Charge Collection Type is Periodic. The below values are displayed:
- Sr. No
- Date of Charge Calculation
- Charge Calculation Amount
- Date of Charge Collection
- Charge Collection Amount
- Collection Status
- Charge Status
Finance Inquiry screen is also enhanced to display the above details in the Charges segment.

Introduction of Future Dated Disbursements for Purchase Orders

As a part of this release, provision of Funding Request Date is added for the purchase order records based on which a batch job is executed to trigger automatic financing on funding request date.

Purchase Order UI

As part of this release, the following enhancements are done to the below mentioned screens:

Funding Request Date field is added in the Basic Information screen of Create Receivables and Payables screen (For Purchase Order instrument type).
Receivables and Payables Management (For Purchase Order instrument type, Edit action)
- Funding Request Date field is added to the Date Reference Basis drop-down in the search grid.
- Funding Request Date field is added to the Basic Details tab.
Purchase Order Inquiry
- Date Reference Basis drop-down field is added with the below values:
  - Funding Request Date
  - PO Date
- Funding Request Date field is added to the search results grid as a non-default field.
Funding Request Date field is added to the search results grid as a non-default field in the Receivables Inquiry screen.

Processing Changes

The application parks the purchase order for a future dated disbursement in case funding request date is a future date.
The purchase order can be edited or accepted at any time prior to the funding request date.
If the funding request date is blank or current business date and auto-finance parameter is enabled, then the application will verify other relevant parameters as per existing workflow and disburse the finance.
If the funding request date is blank or current business date and auto-finance parameter is disabled, then the purchase order can either be manually financed or the funding request date can be added.
On the funding request date, a batch job is executed, to identify and finance all eligible purchase orders for the date.

Batch Job Configuration

As part of this release, a batch job is created to process the future dated disbursement requests automatically on the disbursement date. This batch job will identify the purchase orders with funding request date as current business date and process the requests basis the Auto-Initiate Finance, Disbursement Auto-Processing, and Disbursement Auth Required flags.

Introduction of Customer Category Filter criteria for Charges

As part of this release, a new filter criteria Customer Category is introduced in Charges to enable the banks and financial institutions to define specific charges to a single or a multiple group of customers. This facilitates them to levy preferential or different charges to such groups during transaction processing.

Enhancements to Charge Preferential Pricing Maintenance

As part of this release, Charge Preferential Pricing maintenance screen is enhanced to include the following changes:

Filter Criteria field is updated to include the below values for SCF application:
- Customer Category Based
- Program and Customer Category Based
Filter Criteria field is updated to include the below values for Receivables and Payables application:
- Customer Category Based
- Instrument type and Customer Category Based
- Instrument type Status and Customer Category Based
Charge Pricing Rule field in the search results grid will be hyperlink showing details of the selected charge pricing rule.
Batch label is renamed as Periodic label for both Collection Type and Calculation Type fields.

Enhancements to Preferential Pricing priority

As part of this release, the preferential pricing priority is enhanced to incorporate charges that are defined for customer category or combination of the same.

Preferential Pricing priority for SCF application in the exact order:
1. Program and Party
2. Party
3. Program and Customer Category
4. Program
5. Customer Category
Preferential Pricing priority for Receivables and Payables application in the exact order:
1. Party ID, Instrument Status, and Instrument Type
2. Party
3. Instrument Status, Instrument Type, and Customer Category
4. Instrument Type and Customer Category
5. Customer Category

Introduction of Customer Category Filter criteria for Interest

As part of this release, a new filter criteria Customer Category is introduced in Interest to enable the banks and financial institutions to define specific interest to a group of customers of a specific customer category. This facilitates the bank user to levy preferential or different interest to such groups.

Enhancements to Interest Rate Decisioning Maintenance

As part of this release, Interest Rate Decisioning maintenance screen is enhanced to update Filter Criteria field to include the below values: field is updated to include the below values:

Customer Category Based
Program and Customer Category Based

Enhancements to Interest Rate Decisioning

As part of this release, the interest rate decisioning priority is set as below for Disbursement transactions on account of including customer category. Priority for Interest Rate Decisioning:

Program and Party
Party
Program and Customer Category
Customer Category

Enhancements to Pre-Shipment Finance Settlement

As part of this release, following enhancements are carried out to facilitate the settlement of Pre-shipment finances on the liquidation of both financed and unfinanced invoices.

Enhancements to System Parameters UI

System Parameters screen in Supply Chain Finance module is enhanced to introduce new flags to determine the Pre-shipment finance liquidation and the order of liquidation when an invoice payment is received. Following fields are introduced in the in the Workflow Parameters tab:

Liquidate Pre-Shipment finances with Invoice Payment, which is defaulted to Yes.
Pre-Shipment Finance Liquidation Preference field is introduced with the below values to help determine the order of liquidation:
- FIFO
- Invoice Linked with PO and FIFO
- Invoice Linked with PO

Enhancements to Accounting Maintenance

Accounting maintenance is enhanced to handle the liquidation of pre-shipment finances on invoice payment.

The Accounting Entries maintenance for Supply Chain Finance module is enhanced to support scenarios where invoice payment triggers the pre-shipment liquidation for unfinanced invoices. Payment Mode based Filter Criteria is introduced for Residual Payment Refund Event type to credit the remaining amount to the supplier after the post-shipment finance settlement.

The Accounting Entries maintenance for Receivables and Payables module enhanced to modify the behavior of Is Instrument Financed value in Filter Criteria for all relevant Event to include Purchase Orders in addition to Invoices and Debit Notes.

If Yes, i.e., if the said instruments are financed; then relevant accounting entries are populated.
If Yes, i.e.,if the said instruments are financed and settled prior to invoice payment; then either a Residual Payment Refund or Margin Refund will be generated as applicable.
If No, i.e., if the instruments are not financed; then relevant accounting entries are populated.

The Accounting Codes maintenance for Supply Chain Finance module is enhanced to include Residual Payment Amount value in the Debit Amount Type and Credit Amount Type fields in the Role Details sub-section.

Processing changes

The following processing changes are carried out to facilitate the settlement of pre-shipment finances on the liquidation of both financed and unfinanced invoice payments.

Unfinanced Invoice Liquidation:

If there are no Post-Shipment programs linked to an Invoice, application will verify the Liquidate Pre-Shipment finances on Invoice Payment and Pre-Shipment Finance Liquidation Preference flags to determine the Pre-shipment finance liquidation and the order of liquidation when an invoice payment is received.
- If the Liquidate Pre-Shipment finances on Invoice Payment toggle switch is set to On, application will settle the applicable pre-shipment finances. If set to Off, application will ignore the pre-shipment finances and settle the other applicable finances.
- When a Pre-shipment finance is outstanding and payment is received against the linked unfinanced invoices, system will determine the total pre-shipment finance outstanding amount for liquidation of the invoice.
  - If pre-shipment finance outstanding amount ≥ invoice liquidation amount, then the system will allocate the entire invoice payment to settle the pre-shipment finance. The Pre-Shipment finance status will be updated as Partially Settled.
  - If pre-shipment finance outstanding amount < invoice liquidation amount, then the system will settle the pre-shipment finance. The Pre-Shipment finance status will be updated as Fully Settled. The balance amount will be credited to supplier as a Residual Payment Refund.
If there are Post-Shipment programs linked to an Invoice and not linked to a Pre-Shipment PO, then the application will verify the Pre-Shipment Finance Liquidation Preference parameter is set to FIFO or Invoice Linked with PO and FIFO.
- Application identifies the outstanding Pre-Shipment PO finance basis FIFO on Finance Due Date for settlement, where the PO Finance reference is Outstanding / Partially Settled / Overdue.
- Pre-Shipment PO finance is settled with the liquidation of unfinanced and unlinked invoices.
If a Pre-Shipment finance is raised for multiple PO's together and an invoice payment is received against a single PO, then the liquidation of invoice will be used to settle the overall pre-shipment finance.

Financed Invoice Liquidation:

When a Pre-Shipment finance is outstanding and payment is received against linked and financed invoices, the application will settle the pre-shipment finance first and settle the post-shipment finance if any balance payment is available. In case any margin is leftover, this will be credited back to the supplier.
When a Pre-Shipment finance is raised for multiple PO's together and an invoice payment is received against a single PO, the application will settle the pre-shipment finance first and settle the post-shipment finance if any balance payment is available. In case any margin is leftover, this will be credited back to the supplier.
When a Pre-Shipment finance settlement is skipped manually by the user, the application will skip the liquidation and mark the invoice as reconciled/paid. The user should initiate the pre-shipment finance settlement manually from Finance Settlement UI.

Residual Payment Refund:

For the scenarios where invoice payment triggers pre-shipment liquidation for unfinanced invoices, a new Event type Residual Payment Refund is created to credit the remaining amount to the supplier after the post-shipment finance settlement.
In case of exception, Residual Payment Refund transaction is created in the Free Tasks screen under Refund Tasks.

Enhancements to System Parameters UI

As part of this release, System Parameters UI for is enhanced with the following changes:

Workflow Parameters tab in the Receivables and Payables application - Auto Auth - PO Creation field is renamed as Auto Auth - PO Creation and Processing.
Finance Parameters tab in the Supply Chain Finance application - Liquidation Order for Auto Debit field is enhanced to display the below values:
- E - Penalty on Interest Outstanding
- O - Penalty on Principal Outstanding
- I – Monthly Interest Due
- D - Overdue Finance (Delinquent finances)
- F - Finance Due or Overdue (Outstanding Finances)

Enhancements to Link Purchase Order Workflow

As part of this release, maker-checker workflow is introduced for linking PO with an Invoice.

If Auto Auth – Invoice toggle is switched Off in Receivables and Payables module System Parameters, then a Link PO transaction is populated in the Free Tasks under Instrument task type with the following fields:

Invoice Number
Buyer
Supplier
Invoice Date
Net Invoice Amount
Program
Invoice Pre-Allocated Amount
PO Number
Purchase Order Available Amount
Invoice Allocated Amount
Purchase Order Available Amount Post-Linkage
Remarks

Enhancements to Link Program Workflow

As part of this release, maker-checker workflow is introduced for linking Invoice, PO, or Debit Note with a Program.

If Auto Auth –Invoice toggle is switched Off in Receivables and Payables module System Parameters, then a Link Program transaction is populated in the Free Tasks under Instrument task type with the following fields:

Invoice Number
Buyer
Supplier
Invoice Date
Net Invoice Amount
Program
Remarks

If Auto Auth – PO creation and Processing toggle is switched Off in Receivables and Payables module System Parameters, then a Link Program transaction is populated in the Free Tasks under Instrument task type with the following fields:

PO External Number
Relationship
Buyer
Supplier
PO Date
Promised Shipment Date
PO Amount
Program
Remarks

Enhancements to Inquiry screens

As part of this release, following Inquiry screens are enhanced to display the rule with which the auto-recon is processed.

Payment Inquiry - Excess Payment Details tab in Details pop-up screen.
Receivables Inquiry - Margin Details tab in Invoice Details pop-up screen.
Finance Inquiry - Interest Refund Details pop-up screen.

Recon Type field is added to the inquiry screens with the below values:

Manual
Auto (When clicked on the Information icon hyperlink, below details are displayed).
- Rule Id
- Rule Description

As part of this release, Charges module is enhanced to support integration with an external pricing module as well as capability to waive, modify or override existing charges. Thus, Charges Inquiry screen is enhanced with the following changes to facilitate the bank user to search based on the new parameters.

Status field is introduced in the search grid with the below list of values:
- Waived
- Auto Waived
- Overridden
- Modified
External Pricing field is introduced in the search grid with the below list of values:
- ALL
- Yes
- No
Status field is introduced in the search results grid with the below list of values:
- Waived
- Auto Waived
- Overridden
- Modified
- View Original Charges hyperlink displays the details of the applicable Charge Pricing Rule.
External Pricing field is introduced in the search results grid.
External Pricing Identifier and External Pricing Identifier Description fields are added to the Additional Details tab in Finance Details pop-up screen.
Batch label is renamed as Periodic label for both Collection Type and Calculation Type fields.

Enhancements to Dashboard

As part of this release, the dashboard is enhanced to display the following widgets that provides information on the pre-post shipment finance conversion, and interest due to the banks and financial institutions.

Enhancement of Finances Maturing widget

As part of this release, Finances Maturing widget is enhanced to display the pre-shipment finances and post Shipment finances separately that are maturing in the next 4 months. The widget displays the following values as a line graph:

Purchase Order (Pre-Shipment Finances)
Invoices (Post-Shipment Finances)
Total Outstandings (Total Outstanding Finances)

Introduction of Upcoming Repayments widget

As part of this release, the Upcoming Repayments widget is introduced to display the upcoming repayments for a week including the current business date. The widget displays the following values as a bar chart for each date:

Finance Payment Due
Interest Payment Due

Introduction of Outstanding Pre-Shipment Finances widget

As part of this release, Outstanding Pre-Shipment Finances widget is introduced to display the outstanding pre-shipment finances. The widget displays the following values as a donut:

Finances with Linked Invoices (Eligible for Conversion to Post Shipment Finances)
Finances without Linked Invoices

The widget also displays the Total Outstanding Finances with options to filter the finances based on the supplier, program, and/or buyer.

Introduction of Settlement Trend for Pre-shipment Finances widget

As part of this release, Settlement Trend for Pre-shipment Finances widget is introduced to display the settlement trend for pre-shipment finances for a period of 6 months or 12 months. The widget displays the following values as a line graph:

Settled Through Post-Shipment Disbursement
Settled Through Invoice Payment
Settled Through Direct Finance Payment

Enhancements to Dynamic Discounting

As part of this release, following enhancements are made to support new features in Dynamic Discounting.

Enhancements to Receivables and Payables Management UI for Dynamic Discounting

The Receivables and Payables Management screen is enhanced with the following UI changes for Action type Accept Early Payment Offer:

Discount Offers button is introduced to display the historical discount offers for both Fixed Payment Date and Pay by Date.
Early Payment Discount Schedule hyperlink is introduced for Pay by Date Applicability Basis to display the below values:
- Payment Date From
- Payment Date To
- Discount Rate
- Upper Discount Threshold
- Lower Discount Threshold
- Sliding Scale Applicable
Accept and Reject buttons are introduced in place of Apply button to either accept or reject the discount offers.

Processing changes

If the user selects ‘Auto Applicable’ as Yes while creating a discount offer, then post-authorization of the offer, an Accept the Discount Offer event gets automatically triggered for eligible invoices and the task gets auto processed.
For the Pay by Date Applicability Basis, if the buyer pays for the invoice before invoice due date, or between the payment date and the payment due date, then the discount offer gets applied.
The invoice should be marked as fully reconciled post successful rule execution if Payment Amount Invoice Outstanding Amount - Discount Amount.
Amount to be reconciled for marking the invoice/debit note record as fully paid should always be invoice/debit note outstanding minus discount amount. If the payment amount is greater than the invoice outstanding, then the amount left to be reconciled in the payment record should be payment amount – invoice/debit note outstanding – discount amount.

Enhancements to Manual Recon UI

As part of this release, the Manual Recon screen is enhanced to capture and apply the discount offer when an invoice with a dynamic discount rule is reconciled.

Below are the changes in the search results grid of Reconciliation step:

An Info icon is added to the Outstanding Amount field in the Invoices search results grid that displays Accepted Discount Offer Details.
Payment Value Date field is added next to the Parent Payment Number field in the Payments search results grid.
Credit Note Date field is added next to the Credit Note Number field in the Credit Notes search results grid.

Payment/Credit Note Value Date field is added next to the Payment/Credit Note Number field in the Allocation/second step of manual recon.

Enhancements to Auto-Initiate Finance

Invoice

At present if the Auto-Initiate Finance toggle switch is On, the application triggers an auto finance request when an invoice is created via Create Receivables and Payables UI or when an Invoice File is Uploaded. Auto Finance request is not triggered for an invoice if relevant conditions such as acceptance and assignment are not satisfied..

As part of this release, Auto-Finance processing is enhanced to automatically trigger the auto-finance requests if the invoice is manually Accepted or Assigned subject to the following condition. Auto-Initiate Finance switch is On, and one or both of the Assignment Applicable or Acceptance Applicable switch is On.

Purchase Order

At present if the Pre-Accepted toggle switch is On, the application triggers an auto finance request when a purchase order is created via Create Receivables and Payables UI.

As part of this release, Auto-Finance processing is enhanced to automatically trigger the auto-finance requests for purchase order creation through File Upload, if the Pre-Accepted flag in the file is set to Y.

Enhancements to Accounting Entries Maintenance

As part of this release, Accounting Entries maintenance screen is enhanced to display the Accounting Entry Code field in the search results grid as a hyperlink to view the details of the selected accounting entry code.

Enhancements to Charge Decisioning Maintenance

As part of this release, Charge Decisioning maintenance screen is enhanced with the following changes:

Charge Pricing Rule field is updated as a hyperlink in the Add/Override Charges, and Default Charges search results grid to view the details of the selected charge pricing rule.
Batch label is renamed as Periodic label for both Collection Type and Calculation Type fields.

Enhancements to Reconciliation Rule Definition Maintenance

As part of this release, Reconciliation Rule Definition maintenance screen is enhanced to include the Payment Under Approval (PUA) value for both Invoice Attributes and Payment Attributes.

Enhancements to Receivables and Payables

As part of this release, the following Receivables and Payables screens are enhanced to include the filler fields in the Basic Information tab:

Enhancements to Create Receivables and Payables UI to include additional fields

For Instrument type Invoice:

Bank and Branch fields are introduced before the Repayment Account Number field.
Filler Fields/Miscellaneous Fields section is introduced with the Filler Fields 1 to 4 to allow the bank users to input filler information

For Instrument type Debit Note:

Bank and Branch fields are introduced before the Repayment Account Number field.
Filler Fields/Miscellaneous Fields section is introduced with the Filler Fields 1 to 10 to allow the bank users to input filler information .

For Instrument type Credit Note:

Filler Fields/Miscellaneous Fields section is introduced with the Filler Fields 1 to 10 to allow the bank users to input filler information.

For Instrument type Purchase Order:

Filler Fields/Miscellaneous Fields section is introduced with the Filler Fields 1 to 6 to allow the bank users to input filler information.

Enhancements to Inquiry screens to display additional fields

As part of this release, Purchase Order Inquiry, Receivables Inquiry, and Credit Note Inquiry screens are enhanced to display the filler fields information, if applicable, in the Basic Details tab.

Enhancements to Receivables/Payables Management for new Edit feature

As part of this release, Receivables and Payables Management screen is enhanced with the following changes:

Enhancements to Edit Action type:

Edit action is enhanced with the below changes to allow the bank users to modify the instruments after they are uploaded or financed.

Bulk Edit toggle switch is introduced to edit multiple instruments together.
Review Edits column is introduced in the search results grid next to Due Date column. It displays the View Edits hyperlink to review the original and modified values.

Instrument type Invoice:

Existing New Due Date and Funding Request Date fields are removed, and the following fields are newly introduced:

Basic Information tab

Field Column 1	Field Column 2	Field Column 3
Invoice Date	Supplier Division Code	Branch
Invoice Value Date	Buyer Division Code	BIC Routing Code
Invoice Due Date	Repayment Account Number	Remarks
Program	Funding Request Date	Filler Fields 1 to 4
Virtual Account	Bank	-

Shipment Information tab

Field Column 1	Field Column 2	Field Column 3
Shipment Date	City	Reason for Export
Shipment Number	Zip Code	Terms of Sale (Incoterms)
Shipment Address	Phone Number	Net Payment Terms
Shipment Country	Tax ID	Country of Origin

Pricing tab

Field Column 1	Field Column 2	Field Column 3
Primary Discount Days	Secondary Discount Days	Misc Charge Desc 1
Primary Discount Percentage	Secondary Discount Percentage	Misc Charge Desc 2

Instrument type Debit Note:

Existing New Due Date and Funding Request Date fields are removed, and the following fields are newly introduced:

Basic Information tab

Field Column 1	Field Column 2	Field Column 3
Debit Note Date	Buyer Division Code	BIC Routing Code
Debit Note Due Date	Repayment Account Number	Remarks
Program	Funding Request Date	Adjustment Reason
Virtual Account	Bank	Filler Fields 1 to 10
Supplier Division Code	Branch	-

Shipment Information tab

Field Column 1	Field Column 2	Field Column 3
Shipment Date	City	Reason for Export
Shipment Number	Zip Code	Terms of Sale (Incoterms)
Shipment Address	Phone Number	Net Payment Terms
Shipment Country	Tax ID	Country of Origin

Pricing tab

Field Column 1	Field Column 2	Field Column 3
Primary Discount Days	Secondary Discount Days	Misc Charge Desc 1
Primary Discount Percentage	Secondary Discount Percentage	Misc Charge Desc 2

Instrument type Purchase Order:

Existing New Promised Shipment Date field is removed, and the following fields are newly introduced:

Basic Information tab

Field Column 1	Field Column 2	Field Column 3
PO Date	Buyer Division Code	Remarks
Program	Supplier Division Code	Filler Fields 1 to 6
Funding Request Date	-	-

Shipment Information tab

Field Column 1	Field Column 2	Field Column 3
Requested Shipment Date	City	Terms of Sale (Incoterms)
Promised Shipment Date	Zip Code	Payment Terms
Shipment To	Phone Number	Country of Origin
Shipment Address	Tax ID	-
Shipment Country	Reason for Export	-

Pricing tab

Field Column 1	Field Column 2	Field Column 3
Misc Charge Desc 1	Misc Charge Desc 2	-

Action type Assignment:

Assignment action for Instrument types Invoice, Debit Note, and Invoice & Dr Note is enhanced to introduce the Auto-Apportion field.

Enhancements to Free Tasks UI to support new Edit feature

As part of this release, Free Tasks screen for Instruments is enhanced to support the newly introduced edit capabilities wherein the authorizer can view the modified instruments and accept/reject them. Review Edits column is introduced in the grid next to Due Date column. It displays the View Edits hyperlink to review the original and modified values.

Enhancements to File Upload Formats to include additional fields and validations

As part of this release, File Upload format for Invoice and Purchase Order is enhanced with the below changes:

Following fields are introduced in the Invoice upload file:

Field Column 1	Field Column 2	Field Column 3
Shipment Date	Phone Number	Misc Charge1 Desc
Shipment Number	Tax ID	Misc Charge 1 Amount
Shipment Address	Reason for Export	Misc Charge 2 Desc
Shipment Country	Terms of Sale	Misc Charge 2 Amount
City	Country of Origin	-
Zip Code	Remarks	-

Following fields are introduced in the Purchase Order upload file:

Field Column 1	Field Column 2	Field Column 3
Funding Request Date	Terms of Sale	Misc Charge1 Desc
Requested Shipment Date	Payment Terms	Misc Charge 1 Amount
Shipment To	Country of Origin	Misc Charge 2 Desc
Phone Number	Remarks	Misc Charge 2 Amount
Reason for Export	-	-

Following validations are now introduced for Invoice upload file:
- Total Invoice Amount = Base Invoice Amount - Discount + Tax
- Net Invoice Amount = Total Invoice Amount + Misc Charges

Enhancements to Alerts to support improved capability of scheduled alerts

As part of this release, Alerts Decisioning screen is enhanced with the following changes:

Generate Days Before field is removed from the Alert Decision Details section and the details grid.
Alert Schedule pop-up window is enhanced to include 3 separate tabs:
- Alert before Event
  - Generate Days before
  - Number of Alerts
  - Interval Days
  - Text Template
- Alert on Event
  - Text Template
- Alert after Event
  - Generate Days after
  - Number of Alerts
  - Interval Days
  - Text Template