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Prompt Payment Act (Enhanced) ( RELNSRM_60_PPS_PPA )

CL_GUI_FRONTEND_SERVICES - Frontend Services   PERFORM Short Reference  
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Short text

Prompt Payment Act (Enhanced)

Use

As of SAP Supplier Relationship Management 7.0 (SAP SRM 7.0), Procurement for Public Sector (PPS), the following enhanced Prompt Payment Act (PPA) functions are supported:

• Fast Pay as defined in the U.S. federal government's Prompt Payment Act and the Federal Acquisition Regulation

You can specify for an item in a contract or purchase order that it is subject to Fast Pay procedures. This means that payment is made within a limited time period of receipt of an invoice without proof of receipt of goods or services. If payments are not made within this time period, they are subject to a PPA interest penalty.

• Exemption from Prompt Payment Act

You can also specify that an item in a purchase order or contract is exempt from the PPA. This means that the payment due date is not based on the PPA and that if the payment for an item is made later than the fixed payment period, it is not subject to a PPA interest penalty.

• A user-defined acceptance period for contracts and purchase orders

You can define an acceptance period in days for a contract or purchase order. This acceptance period defines the time period that a purchaser has to accept goods and is used to determine the PPA constructive acceptance date. This acceptance period is also used in the calculation of PPA payment due dates and PPA interest calculations. You use this function if you want to use a different acceptance period than the default seven days as specified in the PPA. If no acceptance period is specified, the default value of seven days is used.

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

The following Implementation Guide (IMG) activities are relevant:

• In Customizing for SAP ERP under Public Sector Management → Functions for US Federal Government → Payment Processing → Prompt Payment Act

• Supplier Relationship Management → SRM Server → Procurement for Public Sector Functions → Application Settings → Prompt Payment Act → Define Transaction Types for Prompt Payment Act

In this IMG activity, you activate the Prompt Payment Act functions for different transaction types.

Further Information

SUBST_MERGE_LIST - merge external lists to one complete list with #if... logic for R3up   ROGBILLS - Synchronize billing plans  
This documentation is copyright by SAP AG.

Length: 2836 Date: 20240604 Time: 021119     sap01-206 ( 55 ms )