Category: (3) eTOM Process Type
Process Identifier: 1.6.12.1
Original Process Identifier:
Maturity Level: 3
Party Settlements & Payments Management processes manage all settlements and payments for the enterprise, including invoice validation and verification and payment authorization.
For a value fabric, and particularly for service providers, settlements and payments management is complex. In many cases, the cost can be the largest single cost and incorrect settlement or payments can mean the difference between profit and loss. Party Settlements & Payments Management processes manage all settlements and payments for the enterprise, including invoice validation and verification and payment authorization. These Party Settlements and Payments Management processes interface with the party’s Customer Relationship Management process of Billing and Collection Management. Note: A value fabric, or a mesh of interwoven, cooperating organizations and individuals or parties. The value fabric is an ideal concept for showing interaction among collaborating organizations and individuals, collectively called parties, in the digital ecosystem. Some parties engaged in a value fabric deliver value directly to their customers and assure that the value continues to meet their customer expectations. Other parties deliver and assure value indirectly. Customers also play a role in the value fabric of the digital services world.
This was created from the Frameworx 16.0 Model