Overview
A payment run is a list of payments created by Buyers to settle their outstanding financial obligations with their suppliers. They are typically managed by the accounts payable function within a business on a periodic basis.
Payment run lifecycle
Every payment run goes through 4 stages:
- Create: The payment run is created by a user with the Creator role and details are checked to be correct.
- Authorise: The payment run is confirmed & authorised by a user with the Controller role.
- Fund: A linked account is chosen and funds are allocated to the payment run.
- Execute: Payments are sent out to suppliers according to instructions.
Events
You can subscribe to receive events on your customers' payment run. Events will notify you of actions that happen asynchronously.
Payment run events
You can start watching this event to receive notifications related to the status of the payment run.
Payment status events
You can start watching this event to receive notifications related to the status of the individual payments that make up the payment run.