Category: (4) eTOM Process Type
Process Identifier: 1.6.12.3.9
Original Process Identifier:
Maturity Level: 3
Develop and manage payment plans that specify how a party will pay over a specified period of time for a product that has been acquired. This process may also develop and manage template party payment plans that define typical payment plans that are used.
Party Payment Plan Administration develops and manages payment plans that specify how a party will pay over a specified period of time for a product that has been acquired. This process may also develop and manage template party payment plans that defines typical payment plans that are used. The template's terms/conditions are accepted by a party when an offering is acquired which results in the creation of a party payment plan. This process is also responsible for developing an managing a payment plan that allows a party to pay past due payments according to an agreed upon payment plan. The general Party Agreement Management process is used to develop party payment plans which is considered to be some form of agreement with a party. Party Payment Plan Administration's focus is on defining the frequency of payments, the payment amount, as well as the method of payment.
This was created from the Frameworx 16.0 Model