Processing Settlement Runs with Bank Connect
Bank Connect Payments are submitted using Workday's native transactions (including supplier, customer, employee, or student financial processes) and the Settlement Run business process. Any disbursement within a Settlement Run can be paid using Bank Connect. The payment must be set to pay from a Bank Connect-linked account and set to use a Bank Connect payment type (see Configure Bank Accounts for Payments).
Settlement Run Processing
Settlement Runs can be processed either manually — a human user actually clicking the button labeled Process on the Settlement Run page, see the screenshot above — or based on rules, for example: "Create and process a Settlement Run with all supplier invoices under $10k and due within the next 5 days".
Bank Connect functionality is not affected by the processing method and no additional steps are required, Bank Connect runs automatically when applicable Settlement Runs are processed.
Mixed Settlement Runs
Bank Connect will not interfere with payments in a Settlement Run that are not set to pay from non-linked accounts, or from linked accounts but set to be paid with non-Bank connect payment types.
Payment Approvals
Depending on your entitlements set up, some or all of your payments may require approval. Bank Connect has no impact on the transaction or settlement run approvals you configure in Workday. Review or approval of transactions — rather than the payments in the settlement run itself — is recommended to reduce redundancy.
(See the Approve Payments guide for more information.)