Assign Payment Plan Data to Insurance Relationships

Use

The first step to take when creating documents from payment plan items (PPIs) is to assign payment plan data to an insurance relationship.

Prerequisites

You have created payment plans in Customizing. Choose Start of the navigation path Collections/Disbursements Next navigation step Payment Plans Configuration of Payment Plans Define Payment Plans and Attributes End of the navigation path .

You have created an insurance object-partner relationship (in the Collections/Disbursements menu under Start of the navigation path Master Data Next navigation step Insurance Object Create End of the navigation path ).

Procedure

Define the following data for the insurance relationship, for manual processing on the Payment Plan tab page:

Data	Meaning
Payment option key	Payment plan keys that are available, and payment plan keys that you can switch between.
Payment plan key	payment method, fees, behavior when amount changed, and so on.
Valid-from date and time	Date and time from which the payment plan key is valid
Grouping category	Defines which open items created from PPIs are grouped by the system into one document, with several line items.
Summarization category	Defines which open items created from PPIs are grouped by the system into one line item.
Deferral Base Period	Time unit to which the number of days refers, by which the due date of a payment plan subitem is shifted so that collection/disbursement of different PPIs belonging to an insurance relationship, possibly with differing analysis periods, can be synchronized.
Base days deferral	Number of days by which the due date of a payment plan subitem is shifted so that collection/disbursement of different PPIs belonging to an insurance relationship, possibly with differing analysis periods, can be synchronized.
Cash management	Planning Group and Additional Financial Planning Days You use the planning group to classify expected revenue and expenditures for the update in Cash Management. The system takes the additional days for financial planning into account when calculating the due date for an open item.
Indicator: Reserve and record payment on account	Inbound payments are reserved for insurance relationships with payment method initiated by the customer (for more information, see section Creation of Open Items with Payment Method Initiated by Customer
Algorithm key	Defines that incoming payments for payment plans with customer-initiated payment method are assigned to payment plan subitems, using a key defined in the Implementation Guide.