What is Party Layer?
Party layer consists of party and party’s contacts and
addresses. A party is defined as an entity that can enter into a business
relationship. Party can be either a single person or an Organization.
Examples:
University of Houston Clear Lake (Organization)
Mr.XYZ (Person)
Parties have one or more addresses. Just like your amazon
account where you have bill to address to your home and ship to address to someone’s
place. Each address may have one or more uses. Party layer can exist independently
without an Account Layer.
What is Account Layer?
Account Layer consists of Account, Account addresses and
Account contacts. An account is defined as an financial roll up point for a
party that defines customer relationship between a party and implementing
organization.
Party layer can exist without account layer
Account Layer cannot exist without party layer. Account must
have only one owner which must be person party or an organization party.
Account owner is responsible for the account.
Oracle says “If the
entire E-Business Suite is used, the Party layer is usually created first in
CRM, and then the Account layer is added when it becomes necessary. In many
cases, the Account layer is added when a Party wishes to place an order.
When an Account is created, it must be linked to one and only one Party. This
Party is the Account owner.
Once an Account is
created, Addresses can be defined for the Account. Account Address must have a
corresponding Party Address in order to exist. The corresponding Party address
must be associated to the Party that owns the Account. Account Addresses are a subset
of Party Addresses. Similarly, an Account Contact must first be defined as a
Party Contact for the Party
that owns the Account. Party Contacts are defined through Relationships.”
