|Software Component Version||ESM ERP 606|
|Business Object Type||Business Process Object|
If customers are unable to settle outstanding debts, a company may offer to allow them to enter into a promise to pay agreement to help facilitate the payment of the debt. A promise to pay is a customer's written agreement to make future payments of receivables owed.
The business object Promise to Pay Proposal enables the creation of a promise to pay proposal, which is the prerequisite for creating a promise to pay.
The business object Promise to Pay Proposal specifies the characteristics of a promise to pay, such as the payment amounts per rate and the payment periods.