Overview

This screen or pop-up window is where you capture the specific details for a single payment that will be made to a third party from the loan's proceeds. You will complete this step for each individual beneficiary payment you need to add to the loan.

Accessing this Screen

1. Navigate to the 3rd Party Payments step within the New Loan wizard.
2. Click the "Add a New Payment to a 3rd Party Beneficiary" button.

Field Descriptions

A form will appear for you to enter the payment details. Fields highlighted in yellow are mandatory.

• 3rd party beneficiary: Enter the full name of the person or company receiving the payment (e.g., "Vodacom", "Edgars").
• Payment to Beneficiary: Select the appropriate financial event or payment type from the dropdown list.
• Amount: Enter the exact amount to be paid to this specific beneficiary.
• Reference: (Optional) Enter a reference for the payment, such as a client account number or an invoice number.
• Description: (Optional) Enter a short description for your records.

Available Actions (Buttons)

• Save: Click this button to confirm the details. The payment will be added to the summary list on the main "3rd Party Payments" screen, and the form will close.
• Cancel: Click this button to discard the details you have entered and close the form without adding the payment.

Additional Information

• Multiple Payments: You can repeat this process to add several different third-party payments to a single loan.
• Sorting: On the main "3rd Party Payments" screen, the list of added beneficiaries will be displayed in alphabetical order.
• Document Integration: The system supports document tokens that can automatically insert the details of up to five different beneficiaries into the final loan agreement.