The MPS allows an infinite number of assignments/deductions to be specified for the Producer, Haulers, and/or Vendors. The assignments that are assigned to each individual Producer (Mandatory and/or Producer Assignments), Hauler, and/or Vendor may be assigned a level of hierarchy. This level of importance, or deduction order, determines which assignments are to be taken from the party’s payment check. If there is not enough money to pay an assignment, the MPS uses the hierarchy designated and takes only those assignments that it has enough money to pay or partially pay. The MPS will then create a check to be paid to the Vendors that are to receive the Assignment Payment. The Vendor’s check may detail all the Producers, Haulers, and/or Vendors that are paying them an Assignment.
The MPS system also allows for an assignment to be designated as an Overdraft Assignment which means that the monies that are unassessed, or not taken, from the party’s payment check will be applied to the subsequent payment check and will be taken first, before al other assignments.
The user may choose from a variety of Assignment Types that the user must then define the value to be used for calculating the payment of the assignment. Some examples of these Assignment Types are as follows: Percentage of Net, Percentage of Gross, Percentage of Weight Before Split, Percentage of Weight After Split, and Fixed Amount.
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