Student Fees - Interest Charging on Invoices

Interest charging for late payment of invoices is currently being considered by the Fees Strategy Group. If this goes ahead it is likely to require a change to eFinancials so that appropriate interest is added to all the student fee invoices that have late payments. This may impact on the interface between registry and eFinancials, and this would have to be reviewed to determine if and how it would impact. In addition, sales invoices etc would require to be redone to include and calculate interest. It is not clear how eFinancials calculates interest and this would also be scoped within this project.