Home | ERP Applications without HCM | Contract Accounting Receivables Payables Processing | Promise To Pay Proposal
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Home | ERP Applications without HCM | Contract Accounting Receivables Payables Processing | Promise To Pay Proposal |
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| Software Component Version | ESM ERP 606 |
| Technical Name | PromiseToPayProposal |
| 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.
