Final answer:
Cancelling a tender may or may not automatically cancel all payments linked to the tender's payment event, depending on the system's processes. Manual intervention might be necessary for already initiated or scheduled payments.
Step-by-step explanation:
When cancelling a tender, the system may or may not automatically cancel all payments linked to the tender's payment event. This depends on the specific processes and protocols of the payment system in use. In some cases, if the tender is cancelled before the payment process is initiated, the system may prevent any future payments from being processed. However, if payments have already been initiated or scheduled, additional steps might be required to manually stop these transactions. A properly designed financial or procurement system should have the capability to handle such scenarios, but it is important to understand the specifics of the organization's payment system and the terms of the procurement contract to ensure all necessary actions are taken.
When you cancel a tender, the system may or may not automatically cancel all payments linked to the tender's payment event, depending on the specific payment system and the terms and conditions set by the company or organization managing the tender.
In some cases, cancelling a tender may automatically void or reverse any associated payments. For example, if a purchase order is cancelled before any payments have been made, the system may automatically cancel any pending payments or void any authorized payments.
However, in other cases, cancelling a tender may not automatically cancel payments. For instance, if a purchase order is cancelled after a payment has already been made, the system may not automatically refund the payment. Instead, the refund process would need to be initiated separately.