Product news for Concur administrators
CONCUR INVOICE
June 2023 release
Two new Payment Release Management features for Invoice Payment Manager provide users with the ability to control when payment for approved invoices is released to payment providers to issue payment to suppliers.
The new Batch Settings tab enables you to configure close schedule of batches for each funding account and check configuration, along with the following benefits:
- Configuration of the Close Time and Close Date frequency of batches.
- The Close Time of ACH funding accounts is now configurable. (This functionality was currently only supported for check configurations.)
- The Close Date frequency of batches now defaults to Daily to maintain the existing functionality of batches being created and scheduled based on the Payment Due Date of approved invoices. The Close Date frequency can be changed to Weekly so batches are only created and scheduled for the selected days of the week.
By selecting the Require Batches to be Released (optional) setting, you can allow for manual approval/release of batches after their configured close time, before payments are sent to payment providers for processing.
Additional features include:
- A new setting at the funding account and check configuration level to turn on the feature.
- A new status of Pending Release for batches.
- A new action of Release Payments to release payments for pending release status payment batches so they are sent to the provider for processing.
- A new role of Payment Release Manager for separation of duty to authorize access to the action required for the approval/release process.
