The following describes how PeakCommerce supports the Invoice Settlement feature within a Billing System.
APPLIES TO:PeakCommerce for Zuora, All Editions
USER PERMISSION NEEDED:
Global Administrator, System Administrator
If you have enabled the Invoice Settlement feature in your Billing System tenant, you will need to enable the corresponding setting in PeakCommerce. You can do this by checking the Invoice Settlement checkbox under Company Settings > Company Information > Site Configurations > Subscription.
Once this feature is enabled, customers using PeakCommerce will be able to make payments on future-dated invoices through their hub. The payment can be applied to the invoice on the same day, instead of remaining as an unapplied payment. This provides greater flexibility and convenience for customers managing their invoices.
For more information on invoice settlement, view the following Zuora articles: