Hi Srikanth,
Via Fine-Tune (Cash Flow Management group), you can set up:
- Payment Startegy:
Activity: Payment Strategies -> You use this fine-tuning activity to create one or more payment strategies that the system will use to generate payment proposals for your open items. Several payment strategies can be created for use with different business partners or companies.
These payment strategies affect the automatic payment cycle of your company by directly influencing when each open item should be considered by the payment run, and whether any discounts should be taken.
- Threshold value for approval process:
Activity: Business Task Management for Payment and Liquidity Management -> You can review and adapt BTM settings for payment and liquidity management, define threshold values for incoming and outgoing payments to control when the approval process starts, and assign individual values to specific payment methods and users.
- Prioritize Bank Accounts:
Activity: Global Settings for Payment -> You can prioritize bank accounts, payment methods also based on amount.
Best Regards,
Alexandre Colombo.