Due date calculation enhancements for business days, received date, and greater flexibility is available now.
New features are available for maintaining due date calculation methods that are more flexible than the standard options. In line with new SOPA requirements, and different requirements in different states and geographies, more flexibility in defining custom due date calculations was required, and will be delivered.
This feature includes the ability to define due date calculations based on business days with public holiday calendars pre-loaded for all ANZ locations and customisable for others. The ability to calculate due dates based on invoice received dates is also available as part of this new feature.
For example, you will be able to automatically calculate a due date that is 20 business days from the claim received date.
Features include…
- The ability to set up any number of rules and maintain available rules at a global or company level.
- The ability to base due date calculations on Received date or Invoice date.
- Ability to set the calculation to be based on the date itself or from the end of the month based on that date.
- The ability to base calculations on business days or calendar days.
- The ability to set any number of days for full flexibility.
- GEO specific Business Day Calendars pre populated for our core GEO’s for the next 10 years but with a user maintenance facility for other GEO’s.
- The ability to set Payment Term overrides at Job Level.
- The ability to set Payment Term overrides at PO level.
- Already existing, the ability to set Payment Term overrides at SC Agreement level.
- Changes will apply for both Debtors and Creditors.
See the latest release notes for more information or log a request for assistance in the Customer Support Portal.
