Transmit Financing Settlement

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This process transmits deposit and completed order transaction information to the financing provider. If the On-Line Financing Approvals field is set to "Active" in the General System Control Settings, throughout the day Finance Receivable transactions are posted to the current un-transmitted batch. Daily transmission of receivable data to the Finance Provider must then take place.

Settlement transmission may take place automatically as part of Day Ending processing, or can be run manually on demand using this process. Whether or not the transmission is run with Day Ending or on demand from the Financing Entries menu is determined by the setting of the Auto EOD (End-of-Day) Also known as day-ending processing, an automated process you run at the end of a business day to update daily files. Transmit field in the Financing Control Settings (Finance Receivables ACF ).

Click here for further details on the settlement process.

Some finance providers require that data be sent at specific times. The scheduling of transmissions should be approved by the Finance Provider.

Finance ProviderThis field is used to indicate the finance provider or providers for this settlement transmission. One or multiple finance providers may be selected. To select a single finance provider, enter (or select from the drop-down list) a single finance provider code. To select more than one finance provider or All finance providers, use the Multiple Finance Provider Selection screen (available from the Action button) to select the finance providers for this process.

Select Run to begin the transmit settlement process for the finance providers selected.