Prerequisite Setups for Prompt Payment Processes

Before you finish setting up the prompt payment process, you must ensure that you perform the required setup tasks.

Here are the setup tasks that you must complete:

• Define the Treasury Current Value of Funds Rate (CVFR) on the Manage Interest Rates page.

• Define payment terms with the correct Prompt Payment attributes on the Payment Terms page.

• Define U.S. Federal Financials lookups.

• Define a transaction calendar.