Payables and Cash Management - EBS (MOSC)

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How is Contract Financing different from Progress Payments for Services Procurement?

edited Jul 30, 2015 10:02AM in Payables and Cash Management - EBS (MOSC) 1 commentAnswered

1. Purchasing Super User -> Setup -> Purchasing ->Document Styles -> Enable flag "Treat Progress Payments as Financing"

2. New attribute "Progress Payment Rate" starts to appear on Complex Service Purchase Order Line.

Clarification needed:

a. How does a value entered in "Progress Payment Rate" field on Complex PO affect Invoicing?

b. Even without checking "Treat Progress Payments as Financing", we can create Invoices for progress payments. So trying to understand what is meant by Financing?

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