The Chief Technology Officer must be able to do the following task in their job function: 1  The Chief Technology Officer with a team of Information Technology decision makers, are responsible for building the IT framework, policy and safeguards of a business unit.he CTO works with all facets of the business and has cross functional responsibilities for IT and Management as well as external partners in making sure that the information technology infrastructure and digital property is fully operational.
A payment system is any system used to settle financial transactions through the transfer of monetary value, and includes the institutions, instruments, people, rules, procedures, standards, and technologies that make such an exchange possible.hese include debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking and e-commerce payment systems. Some payment systems include credit mechanisms, but that is essentially a different aspect of payment.
Published by Anupa Wijesinghe. Terms of Payment or commonly known as Payment Term is one of the key areas used in SD to define cash discount percentages based on the payment due dates for a specific customer.ow let's do a test cycle with a customer who has a payment terms assigned to customer master. ï· Customer-AW01. ï· Payment term - 0003 (14 days 3%, 20/2%, 30 net). As per the below configuration in the payment term, customer should receive 3% discount if the.