Payables and Cash Management - EBS (MOSC)

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Interest Calculation for Automatic Interest Invoices in AP

in Payables and Cash Management - EBS (MOSC) 1 commentAnswered
Hi,

We have new rules introduced in NSW (Australia) for govt agencies to pay interest automatically to small vendors on overdue invoices.

AP std functionality is a good match except for the interest calculation. The std product calculates interest compound monthly (as per doco). Our rules are simple interest. Just wondering if there was a localization we could apply or anything else that means we can avoid customisations.

We are on R11 but soon to move to R12.

Thanks.

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