'Direct approved finance' is processed using IATOPN transaction.

This processing can be done manually, semi-STP or full STP.

When processing is done manually, the user will select the “buyer” and the “supplier” from the database. Only the parties with pairing setup (as defined in Maintain Pairing Buyer/Supplier), will be allowed to be selected. Parameter settings for the pairing such as the “Maximum Finance Percentage” will automatically be loaded.

Details of the approved Finance Base Documents (FBD) will be entered in the “Finance Base Documents” panel. The “Total Invoice Amount” is calculated automatically and the “Advance Amount” is defaulted into the respective field. The defaulting of the “Advance Amount” takes into consideration that from the “Total Invoice Amount” the “Early Settlement Discount amount” is deducted and also that it may not be higher than the “Maximum Finance Percentage”. The user may overwrite the defaulted “Advance Amount” and enter a lower amount.