EDI Advanced Banking is commonly used in Brazil, where Boleto Bancários is a significant payment collection system. The workflow in this section uses the examples of the Brazilian banking process and the boleto bancário document.

As in the process for Accounts Receivable, the EDI Advanced Banking process for Accounts Payable supports business cases where the bank acts as an intermediary to collect cash from customers. In these cases, the supplier notifies the bank of the invoice or staged payment details (including the amount, due date, and early or late payment conditions) shortly after the invoice is issued to the customer. The bank then sends a boleto bancário to the customer.

When you (the customer) receive the boleto bancário number, you must update the invoice or stage accordingly using Supplier Payment Reference Modify (28.1.1.13). See Updating the Supplier Payment Reference.

If applicable, you can manually include an interest amount on supplier payment lines in Supplier Payment Create (28.9.3.1) or Supplier Payment Selection Create (28.9.4.1). See Updating the Interest Amount Manually.

If you are using payment selections and you execute the payment selection, the system generates a bank file that includes interest and stage details. EDI eCommerce then sends the resultant file to the bank. See Notifying the Bank of Interest and Stage Details.