The Prompt Payment Policy must be configured before it can be used.  Complete the provided fields and the policy is ready for use.

Creating a new policy

1.From the configure compliance menu options, click "Prompt Payment Policy Settings"

2.Click "Create New Policy"

3.Enter a Policy Name

4.Enter a Policy Description.  This description will be displayed to users for informational purposes (i.e. USDOT CFR...)

5.Enter the number of days the prime have to pay the sub per the policy (i.e. 30)

6.Check the box if the prime should identify a payment as a final payment

7.Check the box if the prime should identify a payment as a retainer payment

8.Enter the subject of a violation email.  This email will be sent to the contract specialist and the prime.

9.Use the supported tags and the message pane to create an email body

10.Save the configuration

Upon completion of the configuration, the policy will appear in the policy list and be available to be assigned to a contract.