The third party payment setup lets you create third party payment relationships between suppliers.
Use the Third Party Payment Assignments windows to complete these tasks:
Identify principal suppliers and sites that are subject to third party payment processing.
Assign agents (payees) to principal suppliers at the site level.
The agent defined in this window accepts payments on behalf of the principal supplier.
To set up third party payment assignments, navigate to the Third Party Assignments window.
The following table describes selected fields on the Third Party Assignments.
| Field Name | Description |
|---|---|
| Operating Unit | Operating unit of the record.
Note: The list of values includes operating units assigned to the MO: Security profile. |
| Name | Original supplier |
| Site | Original supplier's site of which the user’s operating unit has been granted access. |
| Party Name | Third party payee |
| Party Site | Third party payee's site |
| Supplier Name | Third party payee’s supplier name. The payee does not have to be a supplier. |
| Payment Function | Payee's payment function |
| Banker Name | Payee's bank name |
| Account Number | Payee's bank account number |
| Start Date | Date on which assignment begins. The date can be earlier than the system date because users can back date payment process requests. |
| End Date | Date on which assignment ends. End date must be greater than or equal to the system date and the start date. |