Pay Groups

September 1,  1999 -- The Rayonier, International Forest Products Division (IFP), today joined a couple of our other clients by implementing "Pay Groups" to manage their payment schedules for various types of vendors.  

Pay Groups are used to separate vendors into distinct "batches" for processing.  The Contractor, Stumpage, and Purchased Log Payment Routines can all be made to recognize distinct Pay Groups.  Separate Pay Control IDs may be open for different Pay Groups simultaneously.  For example, an "open-gate" Pay Group can be edited and finalized using the Purchased Log Routine, while a different "contract volume" Purchased Log Pay Group is also in process.  Each Pay Group can be identified by a user given description.  Further, by using Pay Groups, one group of vendors might be paid weekly, while another is paid on a bi-monthly basis.  Therefore, Pay Groups can provide a great deal of scheduling flexibility and also make it easier to manage very large groups of vendors.  If you are not using Pay Groups now, you may want to check with us.  Depending on your operations, it can give you additional tools for managing your financial obligations to contractors or suppliers, as well as smoothing out your workloads.