Defining collections actions
Like delinquency actions, collections actions represent steps an agency takes when accounts reach certain collections milestones, such as shutting off account services or sending notices.
To define collections actions, expand the node for the milestone you're working with in the Infor Public Sector shows a grid in the right panel. To add your action, click above the grid, enter your information, and click .
tree and select the node for the type of action that you want to add. When you select the action node,In some of these grids you can use the Condition Formula column to enter a formula that determines whether Infor Public Sector will perform the action, and you can select one of four different events for the action from the list in the Perform On column: Decrement, Entry, ResolvedDueToFullPayment, or ResolvedFromFormulaOrBelowAmt. For example, if you select Entry for a service request, Infor Public Sector will create the request when an account reaches this milestone, and if you select Decrement the service request will be created when an account is decremented out of the milestone.
The
node under a collections scheme shows a summary of all actions defined for that scheme. All information under the node is display-only.You can define these types of actions for each milestone.
- The Infor Public Sector will add to accounts that reach this milestone. node lists request types that
- The Infor Public Sector will add to accounts that reach this milestone. node lists one-off charges that
- The Infor Public Sector will add to accounts that reach this milestone. node defines alerts that
- The node defines notices to be sent to accounts that reach this milestone. Each notice type uses a correspondence process setup to define the information that will be pulled from the database to generate the notice and how the notice is formatted. You can create a new correspondence process setup while adding a notice to a milestone, or you can select an existing one.
- The Infor Public Sector will add to accounts that reach this milestone. node lists log entries that
- The node is used to define deposit charges that will be added to accounts that reach this milestone. Deposit charges must first be defined as line item types in Line Item Setup.
- The node is used to add one-off penalties to accounts that reach this milestone. A one-off penalty is a one-off charge that is applied as a penalty.
- The node is used to to assign credit points when accounts reach this milestone. Note that credit points are assigned to the primary account contact rather than the account record. Using Credit Rating Setup, you can define a series of credit rating levels based on accumulated points. Points are added for adverse events such as late payments or bounced checks, so a higher number of points indicates a worse credit rating.