BP Bill Payments & Receivables Management::Business Partner Payment Management::Business Partner Payment Plan Administration

Business Partner Payment Plan Administration develops and manages payment plans that specify how a Business Partner will pay over a specified period of time for a product that has been acquired. This process may also develop and manage  template Business Partner payment plans that defines typical payment plans that are used.  The template's terms/conditions are accepted by a Business Partner when an offering is acquired which results in the creation of a Business Partner payment plan.    <br/><br/>This process is also responsible for developing an managing a payment plan that allows a Business Partner to pay past due payments according to an agreed upon payment plan.    <br/><br/>The general Business Partner Agreement Management process is used to develop Business Partner payment plans which is considered to be some form of agreement with a Business Partner.  Business Partner Payment Plan Administration's focus is on defining the frequency of payments, the payment amount, as well as the method of payment.<br/>