Creditor operations end-to-end

This example follows a hypothetical customer, AcmePay, through the creditor operations lifecycle: setting up its business structure, classifying transactions, configuring creditor operations, processing transactions, and then monitoring, settlement, and optional receivables advancement. As the example progresses, AcmePay completes the planning matrix as a living implementation record.

AcmePay creditor operations

AcmePay operates a retail marketplace whose merchants accept several payment methods and payment conditions. The example follows one merchant, ABC Furniture, and one transaction scenario.

This example has eight steps:

1. Establish business structure: Create the marketplace, the merchant, and its creditor, including advancement terms.
2. Establish transaction classifications: Assign processing codes to AcmePay's transaction classifications.
3. Configure creditor operations: Configure MDR tax, create the PC300 creditor operations, and verify them.
4. Process merchant transactions: Submit a sale and a cancellation.
5. Evaluate creditor operation: See how Seller management applies the creditor operation to the sale.
6. Monitor and review receivables: Check the receivables schedule against the expected outcomes.
7. Settlement processing: Confirm settlement to the creditor account.
8. Receivables advancement: Simulate an advancement request.