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Payor and Payee Contracts

Question & Answer


Question

Payor and Payee Contracts

Answer

Payor and Payee Contracts

Use payor and payee contracts to manage transportationcharges with your customers suppliers or partners.

For example:

  • A third-party logistics provider (3PL) uses Sterling TMS to manageshipments for its customers.
  • The 3PL uses a payor and payee contract to track how much thecustomer owes the 3PL. The 3PL specifies the customer as the payorand specifies its 3PL organization as the payee.
  • The 3PL uses shipper and carrier contracts to manage how muchthe 3PL owes the carriers.

When you create a payor and payee contract define the followingsettings on the Add Contract page:

Payor Organization

Select the name of the payor organization.

Payor Role

Select the role of the payor organization:

  • Consignee
  • Consignor
  • Customer
  • Exchange
  • Partner
  • Shipper
  • Supplier
Payee Organization

Select the name of the payee organization.

Payee Role

Select the role of the payee organization:

  • Carrier
  • Consignee
  • Consignor
  • Customer
  • Exchange
  • Partner
  • Shipper
  • Supplier
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Document Information

Modified date:
08 December 2018

UID

ibm10756227

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