Payment Plans for Epicor Kinetic
A past-due balance in Kinetic turned into a schedule the customer can keep: down payment, instalments and dates drafted under your policy, signed on a hosted page under your name, and each instalment watched against the payments posted in Kinetic. A missed one goes back to the desk.
Collections & ARUpdated Oct 202620 ERPs
See it work on Kinetic.
Click through the steps. Fictional data, in Kinetic’s terms; the real thing runs on Kinetic.
Westfield Masonry’s $12,980.00, sixty days out. Nora edits any line before it goes anywhere.
The problem, as it happens in Kinetic.
A contractor is sixty days out on $18,000 and can’t pay it at once. The plan gets agreed on the phone, written on the back of the Aged Receivables report, and keyed as a note on the customer master. The dates are approximate. Whether there was a down payment depends on who you ask. Kinetic has no screen for it, so it shows a past-due balance like any other and the sweep keeps calling.
Nobody watches the instalments. The second one arrives late, the third doesn’t arrive, and it’s the month-end review before anyone notices the balance hasn’t moved. By then the agreement is a memory, the customer is still buying, and the question of whether to hold the account is being asked ninety days later than it should have been.
How it works.
- 1
The plan is drafted under your policy
From the open items in Kinetic and the rules your team set, Lunica drafts a schedule: the down payment, the number of instalments, the amounts, the dates, whether new purchases stay on terms or go C.O.D. while the plan runs. The credit manager edits any line before it goes anywhere.
- 2
The customer signs on a hosted page
The agreement opens on a page under your name, with the schedule and the conditions in plain words. The customer signs on a phone. The signed copy is filed against the account, and the down payment can be made from the same page.
- 3
Instalments are watched against Kinetic
Each night Lunica reads the payments posted in Kinetic and matches them to the schedule by amount and date. The desk sees every plan on one calendar: paid, due this week, coming. Collections notes pause on an account that is keeping its plan.
- 4
A missed instalment goes back to the desk
The morning after a missed date, the plan is back on the desk with what was paid, what wasn’t, and the next step drafted: a reminder, a call, or the hold your policy calls for. A person decides, and a person sends.
How it connects to Kinetic.
Lunica reads Kinetic’s open items, payments and the customer master nightly through Kinetic’s REST services or a read-only database login. The plan is drafted from the invoices as Kinetic has them, on the account’s own terms, Net 30 or 2% 10 Net 30 or whatever it carries. Each payment posted in Kinetic is read the night it posts and matched to the schedule.
Nothing is posted to Kinetic and nothing is sent on its own. The plan and the signed agreement live in Lunica, filed against the account; a note for the customer master is prepared if your team wants one there, and keyed by your team. Instalment payments made from the plan page come back to Kinetic as a Kinetic REST call or DMT import where one exists, or keyed by your team from what Lunica prepared, and a person posts them. The reminder for a missed instalment is a draft until a person sends it.
What a week looks like.
- Every plan on one calendar: paid, due this week, coming.
- Agreements signed and filed against the account, not remembered.
- Accounts keeping their plan are left alone by the collections sweep.
- A missed instalment on the desk the next morning, with the next step drafted.
Questions
Who sets the terms of a plan?
Your policy does: minimum down payment, longest schedule, whether new purchases go C.O.D. while a plan runs. Lunica drafts inside those rules; the credit manager edits any line.
Does it write to Kinetic?
No. The plan lives in Lunica beside the account. Payments are posted by your team as they are today; Lunica reads that they posted and ticks the instalment.
How does the customer sign?
On a page under your name, on any phone. The signed agreement is filed against the account with a time stamp, and a copy goes to the customer.
Can the customer pay from the agreement?
Yes. The page takes card or bank transfer. Each payment comes back as a remittance your team posts to the account.
What happens when an instalment is missed?
The plan is back on the desk the next morning with the history and the next step drafted. Nothing is sent and nothing is held until a person decides.
Does interest or a fee apply?
If your policy says so. The rate or fee is a line in the agreement the customer signs, and it is your team’s to set.
Can we see all plans at once?
Yes. One calendar for the book: every plan, every instalment, what posted and what didn’t.
Does it need a server?
Lunica runs on one server inside your network, whether Kinetic is in Epicor’s cloud or on your own server, set up and maintained by Lunica. It reads Epicor Kinetic through Kinetic’s REST services or a read-only database login. There is no inbound connection from outside your network.
What does Lunica read in Kinetic?
The customer master, open items and terms, purchase orders and receipts, the part master, quotes and order history, as each workflow needs them. Read-only, and only the rows a task is about.
Can it post to Kinetic?
Nothing lands in Kinetic without a person. What belongs in Kinetic goes back as a Kinetic REST call or DMT import where one exists, or keyed by your team from what Lunica prepared.
What about our documents?
Invoice copies and scans keep living in Epicor ECM. Lunica reads them when a workflow needs one and never writes to them.
The same workflow, on another ERP.
Payment Plans is written for every system on the list. You’re reading the Kinetic version.
See it on your Kinetic data.
Thirty minutes. We walk the workflow on Kinetic data, then map it to yours.