Create an approved payee
You can create an approved payee which is a company, institution or individual that has a specific payment agreement setup for the convenience of the borrower.
1. If the approved payee is a business, first create an organisational customer record for the party you would like to pay and add their bank account. If the approved payee is an individual first create a personal customer record for the party you would like to pay and add their bank account.
2. Go to Home Pages -> borrowing -> Approved Payee - Business OR Approved Payee - Personal
3. Select the 
icon to add the customer as an approved payee. Select the finance company and search for the customer that you have created using filter options, add a description and click on Save. Note: Description field can include the details of the customer or any reference you need .
4. After creating the approved payee, find the application that you would like to make a disbursement payment for. Click on the application and go to Actions -> Pay out -> Approved Payee
5. Enter the amount to be paid in the Amount field and in the payee drop down list, select the approved payee that has been created. click on Save.
6. Select the disbursement tab in the application page and it will show the payment that will be made.
7. By default the remaining balance of the application will automatically be disbursed allocated to the default party. See here for details.
Related Articles
Create a document config
Document configurations are used to allow a finance company to indicate which document templates are available and can be used from within each of the different parts of the platform. Example: not all document templates relate to personal customers. ...Create an ownership group
Ownership Groups are used in Clearmatch to control access to data. These Ownership Groups are hierarchical. The concept being that users, customers, listings, loans, bids and investments etc. are all assigned to Ownership Groups. A user only be able ...Create a product
A Finance company can have many products per asset class. Originator Groups can be linked to different Products. This gives the Finance company the ability to control which originator groups (brokers, branches etc) can access which products. 1. To ...Create management fee table
In order to create a management fee table, follow the steps below. IT is not recommended that existing management fee tables be edited when rates change as if this is done there will be no record of the old rates. It is better to create a new ...Create custom content block
Custom content blocks allow a finance company to create their own content blocks. These custom content blocks can be added to document and email templates. These are useful for content that is common to many templates. Having the content in a custom ...