"Loi de Modernisation de l'Economie" France legisation 1st Jan 2009 (Doc ID 759795.1)

Last updated on AUGUST 24, 2016

Applies to:

Oracle Receivables - Version 11.5.10.0 to 11.5.10.3 [Release 11.5.10]
Information in this document applies to any platform.

Goal

A new law limiting payment periods between companies will be implemented in France from January 1st 2009. This law stipulates that for all contracts concluded from Jan. 1, 2009, the term agreed between
parties for settling outstanding amounts must not exceed 45 days end-of-month or 60 days from the date the invoice was issued . How does Oracle accomplish this?

Solution

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