Payable Percentages

A payable percentage is configured as a payable analyte charge in a set of contract terms. The payable percentage defines how much of the product is payable, given the varying grades of payable analytes.

The payable percentage can be entered as a fixed, calculated or tiered value, or determined from a premium matrix. The payable percentage impacts the payable analyte grade. The configuration of the resulting charge value includes settings for rounding of decimal places, minimum and maximum values, and how the payable percentage affects invoices. For example, for a contract with product pricing, the payable percentage may display on the invoice without affecting the total invoice value, or may be included as a separate line item, or included in the calculation of the revenue line item.

Multiple payable percentages can be specified for a payable analyte to allow for conditional deductions based on the analyte quality.

The condition on which the payable percentage is calculated can also be based on a product or destination location other than the nominated payable analyte, or on the invoice type being generated. For example, the payable percentage for a provisional invoice could be set to 96%, but on the final invoice, this could be defined to be 100% payable once the final assays are known. The payable percentage can be calculated as a fixed amount, a calculated amount, or determined using a tier structure in which the price is defined depending upon whether the grade falls within various grade ranges.