Payments Module

Generate an image showing a professional person using a computer with financial graphs, invoices, and a digital interface representing a payments module. The setting should be modern and business-like, conveying themes of finance and efficiency.

Payments Module Quiz

Test your knowledge of the Payments Module and enhance your understanding of invoice processing and payment runs. This quiz covers various aspects of the module, ensuring you grasp essential concepts and practices related to payments.

11 comprehensive questions
Multiple choice format for ease
Immediate feedback on performance

11 Questions3 MinutesCreated by ReviewingCloud247

What status will the Invoice need to be in to qualify for the Payment Run?

Ready to Pay

Approved

Exception

Draft

How many invoices will be present in a batch ID generated in GEP?

One batch ID is always One Invoice

One batch ID will always have multiple Invoices

One batch ID can have one or multiple Invoices

Batch ID is not generated in GEP

Where is the Creditor Bank Account Information stored?

Supplier Profile

Invoice

Purchase Order

Requisitions

When an API call is generated from GEP CLICK to fetch all invoices in Ready to Pay status, GEP CLICK receives a file with single or multiple Batch IDs. Can we configure how many batch IDs can exist in a file?

Yes

Where is the Debitor Bank information stored?

GEP SMART

GEP CLICK

Supplier Profile

Invoice

Once the output file is generated in GEP CLICK, what are the mandatory steps that follow?

PGP Encryption of XML

Base 64 Encoding

Both A and B

Other

What is the criteria for Batching Process that runs in GEP SMART/BUILD?

Invoices with same supplier, credit account

Invoices with same supplier, credit account and scheduled payment date

Invoices with same supplier and scheduled payment date

Invoices in Approved Status

Which ID is generated in GEP CLICK for every Batch ID?

Batch ID

Message ID

File ID

Transaction ID

When the bank issues a status report to GEP CLICK, what does the status report contain?

Acknowledgement against every Batch ID

Acknowledgement against every single Invoice

Acknowledgement against every File ID

None of the above

If the acknowledgement received is in error against a batch ID, do all the Invoices present in the Batch ID get updated with Payment Rejected Status

True

False

Payments Module

Payments Module Quiz

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