Payment Systems

Below are the description of all the uses of the working document “Payment Systems”:

“Payment Systems” is a tool/technique for the process “Control Procurements “.
Payments to the seller are typically processed by the accounts payable system of the buyer after certification of satisfactory work by an authorized person on the project team. All payments should be made and documented in strict accordance with the terms of the contract.

This definition was found in the PMBOK V5

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