<p>Copyright TM Forum 2005<br/></p><p><br/></p><p><b>Extended Description</b><br/></p><p><br/></p><p>For a value network, and particularly for service providers, settlements and payments management is complex. In many cases, the supplier cost can be the largest single cost and incorrect settlement or payments can mean the difference between profit and loss. <br/></p><p><br/></p><p>S/P Settlements & Payments Management processes manage all settlements and payments for the enterprise, including invoice validation and verification and payment authorization. <br/></p><p><br/></p><p>These S/P Settlements and Payments Management processes interface with the supplier's Customer Relationship Management process of Billing and Collection Management.<br/></p>