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Net 45+ (SOI) Funding Strategy

The Net 45+ (SOI) strategy relies on you to fund your account according to partner invoices that have been generated. The sum of financial obligations found on these invoices can be found on the Statement of Invoices (SOI). This document is generated after partner invoices for the prior month have been created, and is not itself an invoice. Partner invoices must still be settled individually. Learn how invoices get settled.

Key characteristics

  • Optimal for action locking periods longer than 30 days

  • Best for funding your account after actions lock

  • Useful if you need more than 2 weeks to settle invoices

  • Relies on invoiced financial obligations to inform how much to fund your account

  • Can configure custom GAAP months.

Configuring custom GAAP months

If you elect to use a GAAP month, it must be configured before you launch and cannot be changed after your program launches. You can implement a custom GAAP month in the Monthly Statement section of your Funding Document Settings. This section is only available if you have Fund based on invoices selected in the Funding Documents section.

Necessary financial documents and settings

Strategy in action

Let's use the following Schedule data from a sample template term:

  • Action Locking: Actions are locked 1 month and 0 days after the end of the month they are tracked.

  • Custom GAAP Invoicing:Actions are invoiced on the 3rd of the month after they lock.

  • Payout Scheduling: Actions are paid 0 months and 5 days after the end of the month they are invoiced.

Here's how to set the custom GAAP month described above:

  1. From the left navigation bar, select [Menu] → Finance → Settings → Funding Document Settings.

  2. Under Monthly Statement Settings, set the Custom GAAP Month to Implement custom GAAP month.

  3. Choose to Generate Statement on the 3rd day of the month.

So what does the above Schedule look like in practice?

  1. Let's say your partner drives actions in the month of January. By the end of the month, all actions that occurred in January remain in a pending state.

  2. Throughout the month of February, those actions from January remain pending, which gives you time to modify or reverse any of them (like if an order was returned).

  3. All of the actions from January lock on the last day of February, clearing them for payout. Partners can now see their payout amount in their digital wallets as Pending.

  4. On 03 March, generates the SOI document, summarizing the amount due for all invoices for actions that occurred in January. This document includes a payment due date of 08 April—this date is based on the payout schedule set in the above template term settings and the GAAP month setting.

  5. You'll need to process the invoices and add funds to your digital wallet that covers the amount specified by the SOI before the due date, which would be 08 April in this example.

    • If you don't fund your digital wallet in time, your account will enter default and payment will be due immediately. Your partners won't receive payouts until your fund your account, and they will be directed to contact you regarding their pending payouts.

Want to change your funding strategy?

Reach out to your CSM (or contact support) to talk with about changing your funding strategy. This may affect any active contracts you have with partners, and you may need to update template terms. Work with your support agents to make sure all relevant financial details are up-to-date with the funding strategy you want to use.

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