A party is an individual or company that is involved in either buying, selling, transporting, or servicing anything involved in your company's business. Parties can be in more than one of those categories, or they can be an individual associated with another party that is.
Key fields:
Native Name: if you have a company name in another language (this may be used on documentation)
Short Code: an abbreviation that can be used on reports to save space.
SCAC Codes, see below.