This lesson will introduce you to scheduled payments and remittances. You will learn how to view these payments and configure remittances.
Remittance Advice Documents
Remittance advice documents provide details about individual payments a buyer has sent to a supplier. Depending on the buyer's configuration and payment method, suppliers may receive remittance advice documents from them that they can view.
Buyers may send remittance advice documents in one of two ways when they send payments:
- Outside of SAP Business Network a buyer's ERP system can generate remittance advice to provide details about the payment, including status change updates.
- On SAP Business Network using ACH or Ariba Pay a buyer's ERP system sends a payment batch to SAP Business Network. SAP Business Network then creates the remittance advice for each payment in the batch and updates the status as it is processed.
Buyers assign unique numbers to remittance advice or payments in their ERP systems. SAP Business Network tracks remittance advice documents by the assigned numbers. Buyers mark invoices associated with remittance advice or payments Paid as soon as their ERP systems transmit that status to SAP Business Network, whether or not the payment fails.
For an overview of Remittance Advice Documents, watch this video.