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 Promise to Pay


You use a promise to pay to record a business partner's agreement to pay receivables that are on his or her account.


For dialog processing, you can use a user interface in the Interaction Center Web Client .


A promise to pay states which amounts are to be paid by what dates.

Example Example

A promise to pay can specify that the business partner payment is in the form of a debit memo or a direct debit.

End of the example.

Since the payment dates defined in the promise to pay are generally after the due dates of the items covered by it, you can (optionally) add charges and interest on late payments as part of the promise to pay.

You can create , approve , withdraw , change and valuate promises to pay.

These activities are all performed online, with the exception of the valuation, which is a mass activity. Using the functions of valuation of promises to pay , you can:

  • Close promises to pay.

    For this you plan mass runs at periodic intervals.

  • Determine the extent to which promises to pay were kept.

    If the promise was not kept, then the system can update the credit standing of the business partner.

The system puts currently running dunning procedures for the business partner on hold until the promise to pay is closed.

When you create a promise to pay for overdue items, the system does not open a new dunning procedure for these items – assuming you create the promise to pay before the dunning run.