4 Finance Settlement

This topic describes the information to initiate settlement and processing the settlement task.

Finance Settlement functionality enables the banks to settle outstanding finances/loans for corporate customers in the supp;y chain finance system. Based on your role, you can initiate the settlement of a loan on behalf of the corporate customer. The settlement request can either be initiated from the Finance Settlement screen or through file upload (payment file).

The Finance Settlement process involves the below steps:

• Initiate Finance Settlement
  This topic describes the systematic instruction to initiate finance settlement to settle the outstanding finances/loans for corporate customers.
• Processing Settlement Task
  This topic describes the steps to process the settlement record.