Edit Payment Term Harmonization
The video provides guidance on editing or adding harmonization within a program on the ADA Platform, explaining the process of toggling term harmonization on or off, detailing how it standardizes payment terms by grouping suppliers into buckets at 15-day intervals, allowing customization of rounding preferences, displaying existing harmonization groups for modification or deletion, and demonstrating the addition of new groups by selecting "add group" and saving the changes.
Introduction
- The video focuses on the process of editing or adding harmonization within a program on the ADA Platform
Accessing Harmonization Editing
- Users are directed to navigate to the "edit harmonization" button within the program interface.
Toggle for Term Harmonization
- Users can toggle on or off term harmonization based on their preference for inclusion in the program.
Explanation of Term Harmonization
- Term harmonization standardizes payment terms within the program, placing participating suppliers into payment term buckets.
- The aim is to eliminate random payment terms variations, ensuring consistency.
Default Bucket Increments
- Harmonization creates buckets with 15-day increments, ranging from zero to 180 days.
- Users have the flexibility to adjust these days based on their specific needs.
Rounding Options
- Users can choose rounding preferences for harmonized payment terms:
- Round to the nearest group.
- Always round up.
- Always round down.
Explanation of Rounding Examples:
- Examples are provided to illustrate how rounding works, such as moving 61 days to 75 when "always up" is selected and moving 74 days to 60 when "always down" is chosen.
Display of Existing Harmonization Groups:
- Existing harmonization groups are visible, showcasing the current configurations.
- Users have the option to modify existing groups by making changes in the designated area
Deletion of Harmonization Groups:
- Users can delete unwanted harmonization groups using the options provided on the right side of the interface.
Addition of New Groups:
- Adding new harmonization groups is facilitated by clicking "add group" at the bottom.
- Once changes are made, users can save their modifications by selecting "save" and then "continue."
- Comprehensive Instruction: The video provides a step-by-step guide, ensuring users understand how to edit or add harmonization groups effectively within the program on the ADA Platform.
0:00 - In this video, we're going to go over how to edit or add harmonization within a program. So first you want to navigate to the edit harmonization button.
0:11 - up top you can either toggle on or off term harmonization whether and not you want to include it in the program.
0:16 - Now term harmonization will harmonize the terms within the program which means it will place every supplier that's participating in the program within a bucket payment term so that there's not random payment terms throughout where one has 14 days in one has 17 days.
0:32 - Typically we make the buckets within 15 increments so zero days, 15, 30, 45, etc. The user can change these days but this is by default what ADA will group them in from zero to 180 and 15 days in three increments.
0:47 - You can choose to round them to the nearest group, always up or always down. Which means if it's 61 days and you select always up, it will move it to 75.
0:54 - If it's 74 days and hit always down, it will move it down to 60. To to the nearest group speaks for itself up and down.
1:02 - To the closest one. Here we can see all the existing harmonization groups we have. If you wanted to change any, you changed them here.
1:11 - If you wanted to delete any, you do that on the right side. And if you wanted to add any more groups at the bottom, you just hit add group.
1:18 - And then you hit save. Continue. And that is how you change or add harmonization groups.
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