The MPIS capability in the tracking of milk and payment of the producers has been extended to include an application we call Handler Billing.  This system completes the settlement functionality for the co-ops and dairies.  Product settlement between the parties is facilitated through documenting source weights and tests, and destination weights and tests.  Financial settlement is facilitated through billing customers and paying vendors for bulk loads of product associated with collaborative agreements made between the parties (those transactions that are beyond the farm-payment bounds of MPIS).

These collaborative agreements have certain complexities that generally fall into three categories of product billing, service charges, and allowances.  Product billing is typically related to the grade and classification of the product during the billing period.  Service Charges are defined premiums and discounts applied to the invoice based on attributes of the bulk loads (day of shipment, hundredweight, per load).  Finally, allowances are values determined for the current period, but not necessarily relating to particular loads  (examples include allowances for “school milk” and “military sales”).

• Records scheduled payments
• Performs adjustments to reflect payment

• Records all values compiled and computed during a production period
• Provides access to prior period values for strategic planning
• Allows for ad-hoc or 'what if' computations without compromising real data

• Transfers values from financial history to member equity
• Accounts for allocation of net margin, revolvement of equity, retirement, and estate payments
• Maintains equity values with recognition of control and authorization
• Generates Form 1099 for all relevant parties

•   Maintains producer financial information, including relationships with external financial entities. 
•   Recognizes and supports fiduciary responsibilities (security and integrity) of the enterprise for the producer/financial entity relationship. 
•   Allows for enterprise owned or managed services for producers, such as insurance and supply sales.

•   Utilizes a common, table-driven method that provides clients with the hands-on, user-definable capability to establish a full range of computations for payment, premiums, penalties, and incentives based on volume, quality, or any other client-specific requirement.

•   Supports advance or partial payment during the production period.
•   Generates statements for both the production and financial period.
•   Supports payment by check or by electronic funds transfer, by either generating the checks or interfacing with an accounts payable package.
•   Provides general ledger with payment and related financial values.
•   Allows for the issuance of payments to third parties for properly authorized assignments made by producers.
•   Issues payments for marketing and transportation services.

Entity Profiles

•  Stores relevant data for each producer, as well as any entity associated with the producer. 
•  Maintains pertinent field service representative information such as farm events or visits to a farm. 
•  Provides a repository for hauling information, including driver data, route scheduling, and farm-to-market rates. 
•  Maintains information relevant to plants or sites and their receiving tanks and silos. 
•  Provides direct link to manufacturing accounting. 
•  Compiles detailed lab data from producer payment tests, to special tests, to fluid plant tests and compares results to a user-determined standard.
   

Transactions

•  Records on-farm transactions and immediately links weight information to lab test results. 
•  Allows for the recording of multiple tanks per truck, multiple trucks per tank, numerous delivery sites, partial deliveries, and plant-to-plant shipments. 
•  Provides complete recording capability for every step of the hauling process.
   

Product Reconciliation and Reporting

•  Generates up-to-the-minute reports for reconciliation and record keeping. 
•  Creates reports for government agencies, complying with local and federal reporting requirements. 
•  Provides product and service value computation with direct interface to accounts receivable and invoicing. 
•  Computes product cost values for internal manufacturing accounting.