ClieOp Electronic Vendor Payments

In Vendor Payments in the Cash Management application, you can process ClieOp electronic payments to pay vendors for AP vouchers.

This type of EFT is commonly used to make payments to recipients in the Netherlands in euros or in situations where multiple types of currency need to be supported for a single bank. When you process ClieOp vendor payments in Vantagepoint, you download a file that you send to your bank. The bank uses the payment information in the file to make the direct deposit payments to your vendors' bank accounts.

Prerequisites

Before you can process a ClieOp EFT vendor payment run in Cash Management > Vendor Payments, you need to complete the following actions.

Settings

You must complete settings for banks, vendors, the vendor payment template, and automatic payment numbering.

For more information, see: Setting Up Vendor Payments for ClieOp EFTs.

AP Voucher Entry

When you enter AP vouchers in Transaction Center > Transaction Entry > AP Vouchers, if you want a voucher to be paid by a ClieOp payment, you must select a bank for the voucher that is set up to make ClieOp payments, and the vendor for the voucher must be set up to receive ClieOp payments. Refer to the settings in the table above.

Direct Deposit Test

Run a test direct deposit for vendors who will receive ClieOp payments. See Perform Initial Test Direct Deposit.