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Requirements for a Fusion Cash Management Ad Hoc Payment to create a PPR-Payment Process Request? — Cloud Customer Connect
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Requirements for a Fusion Cash Management Ad Hoc Payment to create a PPR-Payment Process Request?

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edited Apr 21, 2022 5:22AM in Payables, Payments & Cash Management 1 comment

Summary:

How does the Fusion Cash Management Ad Hoc Payment create a PPR? The required result is creating an EFT that will complete the physical movement of cash from an internal bank account to the Payee's bank account:

  • a wire transfer file (ISO 20022)
  • SWIFT MT101 (message)
  • ACH
  • EDI 820

What are the required steps, setup, configuration to make Ad Hoc Payment's "Actionable Status" = "Formatted and ready for transmission" with the "Description" = "Passed validation and ready to be transmitted"? The narrative in the Using Receivables Credit to Cash (22B) documentation does not include the complete instructions/directions. Thank you.

Content (required):

What is required to ensure that that Ad Hoc Payment details are "transferred" from Fusion Cash Management to Fusion Payments in order to "release" the wire transfer into the banking system (send the payemnt details to the payor/source bank)?

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