Payment glossary

Word	openIMIS meaning	CORE-MIS meaning

Word	openIMIS meaning	CORE-MIS meaning
Bill	inbound invoice, aka bill: invoice that openIMIS recieves from some other third parties	benefit to be transferred (credited) to beneficiary
Invoice	outbound invoice, aka invoice: invoice that openIMIS send to some other third parties
Bill payment	outbound payment, aka bill payment: payment that openIMIS send to some other third parties
Invoice Payment	inbound payment aka invoice payment: payment that openIMIS recieves from some other third parties
Payroll		List of transfers (bills) to be transferred to beneficiaries. Payrolls can be grouped by geographical area, or other filters
Payment Point		Location where payments can be collected by a specific beneficiary. Payrolls can be grouped by Payment Point.
Payment Point Manager		Agent responsible for managing payments for a specific Payment Point
Payment cycle		Tag for bills. E.g., for quarterly payments, a payment cycle could be “Jan-Mar 2024”
Claims
Rebates		Extra (variable) payment amount amount.
Payment service provider		Company responsible for delivering cash transfer to beneficiary. In case of e-payment, the PSP would be the bank or mobile company providing the beneficiary account / e-wallet
Payment plan