Adding Harmonization or Financing to a Supplier
This video covers how a user on the ADA Platform can add payment term harmonization or financing options to specific individual suppliers from that supplier's card.
Introduction
- Overview of the video's focus: Exploring how to add, edit, or remove financing and harmonization directly on an individual supplier's card.
Accessing Harmonization and Financing Options
- Pointing out the presence of buttons for harmonization and financing on the supplier card.
- Introduction to the process of adding financing groups.
Adding Financing Groups
- Explanation that only existing financing groups appear for selection.
- Guiding viewers to add new financing groups on the program page under "Edit Financing Groups."
Applying Financing Groups
- Demonstrating the selection of a financing group (e.g., Financing Group 1 - 6%).
- Recalculation to show the application of the chosen financing group to the supplier.
Removing Financing Groups
- Illustrating the process of removing a financing group.
- Recalculation to reflect the removal of the selected group.
Adding Harmonization
- Explanation of adding harmonization to either the spend supplier or parent.
- Alert regarding the potential impact of changing harmonization levels on all related spends.
- Options to apply harmonization to the supplier level or spend line level.
Modifying Harmonization Levels
- Example of adjusting harmonization levels for a specific spend (e.g., changing from 45 to 75 days).
- Verification of the updated target opportunity.
Editing Harmonization Groups
- Guidance on editing harmonization groups.
- Similar process to financing groups: Edit in the program under "Edit Harmonization."
0:00 - In this video we're going to go over and cover how to add, edit, or remove financing or harmonization from an individual supplier directly on that supplier's card.
0:13 - So in this example we'll see at the time up there's a button for harmonization and financing let's say we wanted to add a financing group for the supplier there's not one currently on the supplier so we hit add group now the only options here are going to be Bye!
0:32 - Financing groups which were already created if you want to add a financing group which you don't see here you're going to have to add it in the program page under edit financing groups then that will appear here so when you click on in this example For example, In this example there is only one financing
0:52 - group that was created which is Financing Group 1 which is 6% and thats called LIBOR + 1 on that it recalculates the supplier and now you can see that financing group applies to it.
1:05 - If you want to remove a financing group you click here and you hit remove group. it recalculates and you'll see that that group is removed.
1:14 - To add harmonization you click what you want to add harmonization to either the spend supplier or parent When you hit supplier youll get an alert changing the harmonization level will affect all the spends related to the supplier and or parent.
1:31 - Make sure you want to continue. We selected we wanted it on the supplier level so that's okay with us if it's not okay then apply it to the spend line level and you hit yes it's harmonizing on the supplier level if you wanted to change it from supplier to spend .
1:46 - We can say and apply for this specific spend we want 45 days verify its updated you can see here the target Get started.
1:56 - Is right there because I selected 45 is lower than the actual so if I say I want it higher then we'll bump that up to 75.
2:05 - we see that changes reflected here now target opportunity show 75 you'd like to edit any of the harmonization groups if you don't see the group that you want to apply to the supplier similar to the financing group you must edit this in the program under edit harmonization.
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