Treasury's Office of Financial Innovation and Transformation (FIT) is the Line of Business (LoB) Managing Partner for the Federal Financial Management (FFM) area. FIT has developed a library of FFM Business Use Cases which reflect the business needs of the financial management community. The library consists of the Federal Financial Management Business Use Case Library Overview, that provides the framework for understanding and using the business use cases, and a series of documents containing the business use cases organized within end-to-end-business processes.
This document contains the FFM business use cases associated with the Bill-to-Collect Business Process and should be used in conjunction with the Federal Financial Management Business Use Case Library Overview.
Penalties, Interest, and Collections
A disputed invoice, including some returned goods, is not paid on time causing penalties, interest, and fee; resolved with a credit memo and waiving penalties.