Group Payments

The Group Payments feature simplifies the payment procedure by letting you process a single large payment against supplier or customer groups instead of having to make smaller individual payments.

From the SYSPRO 8 2022 release, these consolidated payments can be processed across multiple SYSPRO companies to support businesses that share customers or suppliers within a group and wish to process payments centrally. With this feature, intercompany entries are automatically generated and supplier payments and customer receipts are processed in a single transaction.

Accounts Payable

Benefits

  • Reduces the administration process within a shared treasury function by consolidating payments

  • Simplifies the balancing of intercompany loan accounts and accelerates month-end processes by automating intercompany transactions

  • Provides a consolidated view on future cash requirements to support cash flow planning

Feature Topic

Access the following topic to view detailed information about Group Payments for the Accounts Payable module:

AP Group Payments

Navigation

The programs related to this feature are accessed from the Program List of the SYSPRO menu:

  • Program List > Accounts Payable

  • Program List > Cash Book

Important Considerations

The following programs within the Accounts Payable module must be used for normal, group- and intercompany group payments:

  • Normal payment runs are created using the Payment Cycle Maintenance program (Program List > Accounts Payable > Payment Processing) and processed using the Execute AP Payment Run program.

  • When using software prior to SYSPRO 8 2022:Group payment runs are created using the AP Group Payments program (Program List > Accounts Payable > Payment Processing) and executed using the Execute AP Payment Run program.

  • From SYSPRO 8 2022 onwards:The AP Group Payments program (Program List > Accounts Payable > Payment Processing) is used to create payment runs for group payments and intercompany group payments, and the AP Execute Group Payment Run program is used to execute them.

    Multi-currency payments (i.e. the bank currency differs from the supplier currency) are not supported for group payments and intercompany group payments.

Accounts Receivable

Benefits

  • Simplifies the payment receipting process for multiple customer accounts that could be spanning different SYSPRO companies

  • Reduces the administration process within a shared treasury function by consolidating receipts

  • Simplifies the balancing of intercompany loan accounts and accelerates month-end processes by automating intercompany transactions

  • Provides the option to generate a consolidated AR Statement.

Feature Topic

Access the following topic to view detailed information about Group Payments for the Accounts Receivable module:

AR Group Payments

Navigation

The programs related to this feature are accessed from the Program List of the SYSPRO menu:

  • Program List > Accounts Receivable