Payment

Farm Financial Information

• Maintains producer financial information, including relationships with external financial entities.
• Recognizes and supports fiduciary responsibilities (security and integrity) of the enterprise for the producer/financial entity relationship.
• Allows for enterprise owned or managed services for producers, such as insurance and supply sales.

Calculation of Period Values

• Utilizes a common, table-driven method that provides clients with the hands-on, user-definable capability to establish a full range of computations for payment, premiums, penalties, and incentives based on volume, quality, or any other client-specific requirement.

Processing of Payments

• Supports advance or partial payment during the production period.
• Generates statements for both the production and financial period.
• Supports payment by check or by electronic funds transfer, by either generating the checks or interfacing with Oracle's Accounts Payable package.
• Provides general ledger with payment and related financial values.
• Allows for the issuance of payments to third parties for properly authorized assignments made by producers.
• Issues payments for marketing and transportation services.