In SocrateCloud, the "Business Partner" is an entity with whom you do business transactions. The SocrateCloud concept for business partners is much more flexible than most applications, since a business partner can be a vendor, a customer, an employee, or any combination of the three. This approach also eases access control for 'self-service' functionality and allows regional analysis and shipping optimization:
A business partner can be a customer, employee, supplier or sales representative. Prior to entering or importing products, you must define your vendors. Prior to generating orders, you must define your customers. The Sales Representative is the contact for a document and is regarded as the person responsible for the business transaction.
A business partner can have multiple locations and contacts, which can optionally be linked to a location. Contacts can have Interest Areas, which form the basis for Customer Relationship Management and allow sales representatives to manage Email-lists for marketing purposes (for example, newsletters etc.).
A business partner can also have a bank account and withholding capabilities.
Business partners may also have relationships between themselves. This allows for a sales order to be shipped to one business partner and invoiced to a second business partner .
In the Partner Relations -> Business Partner Rules menu, multiple reports are available which allow you access to structured information regarding business partners.
The Business Partner window holds all the information about your Business Partners, and the values entered will be used to generate all document transactions.
This offers complete insight into each business partner within the system.
Information about the settings required to introduce and manage the business partners within the system.