Reference: Settlement Business Processes
Business Process | Description |
|---|---|
Cash Balance Check Event
| Checks for overspending of funds in accounting journals and settlement run payments.
To use this business process, add a Check Cash Balance action step to any of these business processes:
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Cash Balance Check Event (Do Not Use)
| Checks for overspending of funds in ad hoc bank transactions and settlement run payments.
To use this business process, add a Check Cash Balance (Do Not Use) action step to the Settlement Run Event or Ad Hoc Bank Transaction Event business process. You can add this step more than once, but 1 instance must be the completion step. We plan to retire the Cash Balance Check Event (Do Not Use) business process with the old cash balance check functionality in a future update. Workday recommends that you use the Cash Balance Check Event business process with the advanced cash balance check functionality for a more streamlined cash balance check exception process. |
Express Settlement Run Event
| Initiates when the Miscellaneous Payment Request Event business process completes for a miscellaneous payment request that you route through an express settlement run.
When you deliver payment files to external parties, don’t include an integration step on this business process. Workday recommends that you configure the integration step on the Payment Release Event or Outsourced Payment Release Event business process instead. |
Outsourced Payment Release Event
| Enables you to send checks to an outsourced check printing service.
Initiates when the Settlement Run Event business process completes for payments that you're sending to an outsourced check printing service.On the business process definition:
When you deliver all integration files to the same bank:
When you add multiple integrations to the business process, they all initiate at once. When you add an integration step and select Integration for Processing Outsource Payment Group , Workday initiates a single integration conditionally. The integration that Workday initiates depends on the:
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Payment Printing Event
| Enables you to generate positive pay files that correspond to printed checks.
Initiates to generate a positive pay file when the Print Checks Task business process completes.To generate positive pay files:
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Payment Release Event
| Enables you to trigger the payment for electronic payment methods.
Initiates for each electronic payment included in a settlement run when the Settlement Run Event business process completes.On the business process definition:
When you deliver all integration files to the same bank:
When you pay AMEX for expense credit card transactions, you can include the Remittance service step to produce remittance files that accompany payments. |
Print Checks Task
| Enables you to print hard-copies of payslips and checks.
When payments within a settlement run require checks, this business process automatically:
To send remittance advices to payees, configure 1 of these remittance service steps on the business process definition:
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Remittance Issue Event
| Initiates to generate a remittance advice PDF to payees when any of these business processes complete:
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Remittance Release Event
| Enables you to create and email remittance files.
To settle expense payments with AMEX for expense credit card transactions:
To attach netting statements to your supplier emails, add the Netting Statements report field to the attachment section of the Remittance Release Event business process. |
Settlement Run Event
| Enables you to settle payments. Workday delivers the default definition of this business process minimally configured. You can add steps, such as approvals.
Initiates when you create a settlement run. When you deliver payment files to external parties, don’t include an integration step on this business process. Workday recommends that you configure the integration step on the Payment Release Event or Outsourced Payment Release Event business process instead. |