Vendor Payments

Use the Vendor Payments application in Cash Management to pay AP vouchers for invoices received from vendors.

Entering AP Vouchers

You enter vendor invoices as accounts payable vouchers in the following locations in Vantagepoint:

• Transaction Center > Transaction Entry > AP Vouchers
• Transaction Center > Create Voucher from PO, in the desktop application

Types of Vendor Payments

When you pay AP vouchers in Vendor Payments, you can generate the following forms of payment:

Payment Type	Details
Checks	Printed paper checks with a check stub
Electronic payments	Also referred to as electronic funds transfers (EFTs). You generate a file with payment information to send to your bank or third party, so they can pay your vendors. You can process EFT payments, using the appropriate file formats for the following: NACHA (ACH network): You download a text (.txt) file in a NACHA file format that you send to your bank to make the vendor payments. SEPA (Single Euro Payments Area): You download an .xml file and send it to your bank to make the vendor payments. ClieOp: 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 must be supported for a single bank. Corpay: A .txt file with vendor payment information is sent directly to Corpay, a third party that pays your vendors. Your bank or third-party payer uses the payment information in these files to make direct deposit payments to your vendors' bank accounts.
Wires	You record wire payments in Vantagepoint that have already been paid to vendors by your bank.
Direct debits	You record direct debits in Vantagepoint that have already been paid to vendors by your bank.

Remittances and File Copies

When you process a vendor payment run, you can also:

• Print and/or email remittance advices to vendors, which document the payment information.
• Print file copies of all the payments in a payment run.

Automatic or Manual?

For each vendor payment run, you choose how to select AP vouchers to pay in the run:

• Automatically: The payment run includes AP vouchers for all vendors that match the selection criteria that you specify.
• Manually: The payment run includes only those AP vouchers that you specifically select.

Printed Checks and/or EFTs

In a single vendor payment run, you can:

• Include payments for both printed checks and EFTs if you use a mix of both. Alternatively, you can chose to include only checks or only EFT payments in a vendor payment run.
• Select to pay vouchers that have different banks funding the payment. You print and number each bank's payments separately when you process the payment run.