Create Payment Runs for Payment Assistant

A payment run is a group of invoices that are ready for review, approval, and payment. When you group them in a payment run, you are selecting which ones you are ready for Payment Assistant to withdraw the money from your bank account and pay the vendor.

Note: Payment Assistant™ is currently in Limited Availability (LA). Are you interested in participating? Apply to join our LA group. During this time, we'll review and implement participant feedback to prepare for general availability.

When a new payment run is created, users configured in Approval tiers to approve payment runs receive an email requesting they review and approve. We also display an in-product notification for the approver when they log in to Financial Edge NXT.

Tip: To adjust how approvers receive their notifications, see Approver Notifications help.

When ready, approvers view all details of the payment run, including a summary and list of payments. They can approve in either of the following places:

  • From the Payment runs page, select the menu for the row and then select Approve.

  • From Payment run record page, select Approve.

After approval, Payment Assistant withdraws funds from your bank account to process payments, and marks invoices and bank drafts as paid. All payment run information flows seamlessly through bank drafts and reconciliation within Financial Edge NXT.

Payment run statuses

On the Payments run page, view the status of the payments for each payment run. You can also view the status on bank drafts or from the Payments tab of the Payment run record.

  • Created – Payment run has been created, but not submitted for approval yet.

  • Pending approval – Payment run isn't approved yet, so Payment Assistant can't process payments yet.

  • Approved - Awaiting funds – Payment run is processing, but Payment Assistant hasn't received funds from your bank account yet.

  • Funded – Payment Assistant has received the funds from your bank account, but vendors haven't been paid yet.

  • In-transit Vendors are in the process of receiving payments.

  • Paid (Partial) – One or more payments in the payment run aren't paid. In some cases, it could be that the check is in the mail and not yet received. In other cases, a payment may be cancelled. For the payments that are canceled, from the payment run, open each payment's bank draft record that did not complete and void the payment.

  • Paid – All vendors received payments.

Tip: Any payments that can't process in a payment run are added to the Exceptions tab. You can use this tab to resolve the issues before including them in a new payment run. Don’t see this yet? The ability to view refunds is currently in Limited Availability (LA) for some of our customers. Look for full support and general availability in a future release.

Note: Don’t see this yet? The Exceptions tab is currently in Limited Availability (LA) for some of our customers. Look for full support and general availability in a future release.