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Trading partner is your business partner within Group with whom you are doing business. In order to identify Inter Company transactions Trading partner field is used. You need to define all the Group Companies as company in SAP and all the defined Companies will be available for selection in Trading partner field.
(02c8tre026ad026a014b 02c8p025102d0tn0259 ) noun. business. a person, organization, or country with whom somebody customarily does business.
What is a trading partner? An EDI trading partner is simply another company that you exchange documents with. Most OEMs will have a large network of trading partners which are sometimes referred to as 'Trading Communities'.
Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper. Business entities conducting business electronically are called trading partners.
A trading partnership is an alternative if at least two natural persons or legal entities wish to start a business together. There is no requirement to invest capital, although the partners are personally, jointly and severally liable for the company's debts.
A trading partner represents the company code that is in transaction with your company code. Intercompany Business Partners. Intercompany transactions can be done at either a general ledger account or a sub-ledger level.
What is a trading partner? An EDI trading partner is simply another company that you exchange documents with. Most OEMs will have a large network of trading partners which are sometimes referred to as 'Trading Communities'.
With EDI, your company can exchange documents electronically with your trading partners. Instead of sending a document to a person who has to enter data, e.g., in an ERP system manually, you can send the document directly to the recipient's system, where the data is automatically registered.
A trading partner agreement is a contract that binds two parties to engage in a commercial transaction. It stipulates terms of trade, including how partners will interact, fees or duties, and the general terms and conditions. Trading partner agreements are common in healthcare and credit reporting firms.
Trading Partner Agreement means an agreement in a form of contract related to the exchange of EDI information in electronic transactions. Trading Partner Agreement may include various terms of EDI exchange, such as duties, responsibilities, liabilities.