BP Bill Payments & Receivables Management::Business Partner Payment Management::Business Partner Payment Handling::Remit Business Partner Payment

Remit Party Payment prepares, verifies, authorizes, and makes a payment to a party including the method of payment, and optionally the application of the payment to one or more  bills, purchases, charges, settlements or some other form of revenue sharing where a payment is due to another party.<br/><br/>A payment could also be made to another party based on an overpayment made by the party or some other credit, such as a refund check for a deposit. A payment could also be made for which no invoice is received, such an enterprise may accept payment on behalf of another party, takes a percent as a fee, and forwards the remainder to other party; the party  does not invoice the enterprise. <br/><br/>A receipt may also be requested from the party to whom a payment is remitted.<br/>