Deposits and Payment Plans on Documents & Contracts!

What’s new?

• Users can now add payment schedules to their product lists within Documents and Contracts
• This schedule can be added dynamically based on signing date of document or based on a fixed date if you are sure when the contract is going to be signed.
• They can also enable auto payment for any subsequent payments with a toggle
• The signers will be able to view the payment plan details in the product list as well
• If you are using this coupled with direct payments -> the user will automatically be redirected to invoice after document is signed.

How to use?

• Go to Documents and Contracts -> Add a product list
• Select add payment schedule from the left drawer (which auto opens) or click on add payment schedule in the product list

• The modal opens up:

1. Select first payment due – Either on signing date of primary user or a custom date if you want
2. Configure subsequent payments – Either upon fixed time intervals after signing date or on custom dates. The invoice due date will be the date when the last payment is scheduled.
3. Set percentage or fixed amounts
4. View the remaining percentage or amount under the total amount

Note on Mapping payment configuration: If subsequent payments are fixed dates. Depending on the first user signing date, payments shift. If missed, subsequent dates adjust to the primary user’s signing date.

• Once you save, the user is able to view the schedule information on the last product list on the document

• Enable auto payments to start deducting money automatically for subsequent payments

Why we built it?

• This opens the way for taking deposits at the time of signature of the document by the primary user.