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Advanced Collections Configuration work book

 

 

Advanced Collections Configuration Workbook

Author:

Creation Date:

Last Updated:

Document Ref:

Advanced_Collection_Configuration_Workbook

Version:

1

Fusion Release

23B



Version

Configuration Book Version History

 

Version

Date

Change

Owner

1.0

Initial Version

 

 

 

 

Reviewers

Date

Name

 

Position

 

 

 

 

 

 

Approvers

Date

Name

 

Position

 

 

 

 

 

 

 Index

Collectors

Customer

Collection Method

Collections Preferences

Scoring Formulas

Collections Strategies Group

Scoring and Strateg Assignment

Credit Memo Reasons

Dispute Approval workflow

 

Collectors

Navigator --> Setup and Maintainance--> Collections-->Manage Collecter

Collector Names

Type

Employee

Enabled

Collector Set

Default Collector

Employee

Collecter Name

Yes

Commen Set

 



Customer










Collection Methods



Collections Preferences

Navigator --> Setup and Maintainance--> Collections-->Manage Collections preferences

 Global Preferences

*Transactions tab: default transaction class

*Transactions tab: automatically display closed transactions

*Transactions tab: automatically display current transactions

*Transactions tab from date range: number of days prior to the current date

*Transactions tab to date range: number of days after the current date

*Work status update: maximum number of days work can be rescheduled

*Default aging method

*Delimiter used to separate customer, account, and site

*Minimum number of characters required to perform a search

Allow collector to update transaction attributes

*Send or return email address for dunning correspondence

Maximum number of transactions to send with dunning letters

Number of grace days before a promise is broken

Maximum number of days to make a promise

*Common currency for metric calculations

*Past date to be used for metric calculations

Enable bankruptcy

*Number of parallel processors

*Batch size

Invoice

No

Yes

999

 

 

Collections

 

2

Yes

 

30

0

30

EURO

01-01-2021

Yes

1

1000

  Preferences

Collection Preference Set

Business level

Open Credit Defualt

Currency Converstion Type

Correspondence Method

Unknown Dunning Contact

Comment Set

Site

Sumarize

Corporate

E-Mail

Accounts Payable

VJ_ITALY_BU_SET    0333 Preference Set (or 0333 Collection Method Set ??)

Site

Sumarize

Corporate

E-Mail

Accounts Payable

 Correspondence

Collection Preference Set

Send Dispute Notice

Dispute Template

Send Payment Notice

Pyament Template

Send Promise Notice

Promise Template

Comment Set

No

Dispute Confirmation Letter

No

Payment Confirmation Letter

Yes

Promise Confirmation Letter

VJ_ITALY_BU_SET    0333 Preference Set (or 0333 Collection Method Set ??)

No

Dispute Confirmation Letter

No

Payment Confirmation Letter

Yes

Promise Confirmation Letter

 Dunning Delivery using Email

Dunning Letter Template

Email Body

Soft Dunning Letter

 

Medium Dunning Letter

 

Hard Dunning Letter

 

Final Dunning Letter

 

 



 Scoring formulas

Navigator --> Setup and Maintainance--> Collections-->Manage Collections Scoring

 

Name

Description

Start Date

Type

From Score

To Score

Enabled

Videojet Customer Scoring  VTI Customer Scoring

VJ Determines Collections Score of Customers

01-01-2021

Customer

1

100

Y

 

Weight

Data Points

Function

0.8

Customer Delinquent Amount in Past Year

No

0.2

Customer Delinquencies Count

No

 Customer Delinquency Rate

From Range

To Range

Score Value

-99,99,99,999

3,000

90

3,000

10,000

80

10,000

50,000

50

50,000

1,00,000

40

1,00,000.01

99,99,99,999

20

 

 Customer Delinquency Rate

From Range

To Range

Score Value

-99,99,99,999

3

50

3.01

6

40

6.01

9

15

9.01

99,99,99,999

1

 

Name

Description

Start Date

Type

From Score

To Score

Enabled

Intercompany Scoring   VTI Intercompany Scoring

VJ Intercompany Scoring

01-01-2021

Site

1

100

Y

 Data points

Weight

Data Points

Function

1

Site Total Amount Past Due

Yes

 Site Delinquency Rate

 

From Range

To Range

Score Value

-99,99,99,999

99,99,99,999

100

 

Name

Description

Start Date

Type

From Score

To Score

Enabled

Videojet Bill -To Site Scoring  VTI Bill -To Site Scoring

VJ Determines Collections Score of Bill-To Locations

01-01-2021

Site

1

100

Y

 Data Points

 

Weight

Data Points

Function

0.8

Site Total Amount Past Due

No

0.2

Site Delinquencies Count

No

 

Site Delinquency Rate

 

From Range

To Range

Score Value

-99,99,99,999

3,000

90

3,000

10,000

80

10,000

50,000

50

50,000

1,00,000

40

1,00,000.01

99,99,99,999

20

 

Site Delinquency Rate


From Range

To Range

Score Value

-99,99,99,999

3

50

3.01

6

40

6.01

9

15

9.01

99,99,99,999

1

 













Collections Strategies

Navigator --> Setup and Maintainance--> Collections-->Manage Collections Strategies

 Strategy Group

Group Name

Strategy Level

Strategy Type

Allow Strategy Change

Enabled

Start Date

Videojet Trade Strategy     VTI Trade Strategy

Site

Delinquent

Yes

Yes

01-01-2021

 Strategies

 

Method Name

Lowest Applicable Score

Videojet Trade Low Risk Strategy                VTI Trade Low Risk Strategy

80

Videojet Trade Moderate Risk Strategy    VTI Trade Moderate Risk Strategy

35

Videojet Trade High Risk Strategy               VTI  Trade High Risk Strategy

0

 Videojet Trade Low Risk Strategy:Tasks          VTI Trade Low Risk Strategy:Tasks

 

Order

Name

Category

Excustion Start Time UOM

 

Post-Excustion wait Time UOM

100

Dunning Letter 1 – Low Risk

Send E-Mail

1 Day

 

5 Day

150

Call 1 – Low Risk

Phone Call

1 Day

 

5 Day

200

Dunning Letter 2 – Low Risk

Send E-Mail

1 Day

 

5 Day

250

Call 2 – Low Risk

Phone Call

1 Day

 

5 Day

 Videojet Trade Moderate Risk Strategy:Tasks      VTI Trade Moderate Risk Strategy:Tasks

 

Order

Name

Category

Excustion Start Time UOM

 

Post-Excustion wait Time UOM

100

Dunning Letter 1 – Med Risk

Send E-Mail

1 Day

 

5 Day

150

Call 1 – Med Risk

Phone Call

1 Day

 

5 Day

200

Dunning Letter 2 – Med Risk

Send E-Mail

1 Day

 

5 Day

250

Call 2 – Med Risk

Phone Call

1 Day

 

5 Day

300

Account Review

Phone Call

1 Day

 

1 Day

 Videojet Trade High Risk Strategy:Tasks   VTI Trade High Risk Strategy:Tasks

Order

Name

Category

Excustion Start Time UOM

 

Post-Excustion wait Time UOM

100

Dunning Letter 1 – High Risk

Send E-Mail

1 Day

 

3 Day

150

Call 1 – High Risk

Phone Call

1 Day

 

3 Day

200

Dunning Letter 2 – High Risk

Send E-Mail

1 Day

 

3 Day

250

Call 2 – High Risk

Phone Call

1 Day

 

3 Day

300

Account Review

Phone Call

1 Day

 

1 Day

 

 





Scoring and Strategic Assignment

Navigator --> Setup and Maintainance--> Collections-->Manage Collections scoring and Strategies Assignment

 

Default Assignment

Name

Business Level

Socring Formula

Delinquent Strategy Group

Site Delinquent Strategy Assignment     0333 Site Delinquent Strategy Assignment

Site

Videojet Bill -To Site Scoring  VTI Bill -To Site Scoring

Videojet Trade Strategy     VTI Trade Strategy

 

Delinquent Strategy Assignments by Segment

 

*Name

*Business level

Business Unit

*Profile Class

*Scoring Formula

*Delinquent Strategy Group

Strat Date

Enabled

 

Advanced Strategy Assignment  0333 Advanced Strategy Assignment

Site

Videojet Italy   0333VJ ITALY

Defualt  ENDCUSTOMER

Videojet Bill -To Site Scoring  VTI Bill -To Site Scoring

Videojet Trade Strategy     VTI Trade Strategy

########

Yes

 Predelinquent Strategy Assignments by Segment

 

Name

*Business level

Business Unit

*Amount Threshold

*Day Threshold

*Predelinquent Strategy Group

Start Date

Enabled

 


Credit Memo Reasons

LOOKUP_CODE

Reference Data set

MEANING

ENABLED_FLAG

A/R ERROR

Common set

Accounts receivables billing error

Y

BANKRUPT

Common set

Bankrupt-CF

Y

OMBILLING

Common set

Billing

Y

CANCELLATION

Common set

Cancellation

Y

CONTRACTS

Common set

Contract Line Terminated

Y

CREDIT MEMO MISSING

Common set

Credit Memo Missing-VJ

Y

CREDIT and REBILL

Common set

Credit and rebill

Y

LATE PAYMENT

Common set

Credit late payment charge

Y

PA CREDIT MEMO

Common set

Credit memo from projects

Y

CUSTOMER APPROVAL PENDING

Common set

Customer Approval Pending-CP

Y

CUSTOMER FINANCIEL ISSUES

Common set

Customer Financial Issues- CF

Y

CUSTOMER WORKFLOW

Common set

Customer Workflow-CP

Y

NLDAMAGED

Common set

Damaged goods

Y

DAMAGED PRODUCT

Common set

Damaged product

Y

OMERROR

Common set

Data entry error

Y

DELIVERY DATE

Common set

Delivery Date (pull in)-VD

Y

DISCOUNT

Common set

Discount

Y

ORA_DISTRIBUTION_REVERSAL

Common set

Distribution reversal

Y

DOCUMENTS MISSING

Common set

Documents Missing-VA

Y

DUPLICATE BILLING

Common set

Duplicate billing

Y

EMP TERMINATED

Common set

Employee terminated

Y

FOREIGN

Common set

Foreign freight error

Y

FREE PRODUCT

Common set

Free product

Y

FRIGHT ISSUES

Common set

Fright Issues-VL

Y

FUNCTIONALITY NOT MET

Common set

Functionality Not Met-VS

Y

GOOD NOT RECEIVED

Common set

Good not received-VL

Y

WRONG ADM CHG

Common set

Incorrect administrative charge

Y

INSTALLATION DELAYED

Common set

Installation Delayed (VJ)-VD

Y

INSTALLATION DELAYED(CUSTOMER)

Common set

Installation Delayed(Customer)-CD

Y

INCOICE CASE

Common set

Invoice Case -VI

Y

INVOICE MISSING

Common set

Invoice Missing-VI

Y

INVOICE PORTAL ISSUES

Common set

Invoice Portal Issues-CP

Y

LATE PRODUCT

Common set

Late delivery

Y

LEGAL CASE

Common set

Legal case -CF

Y

MISSING/INCORRECT PO FROM CUST

Common set

Missing/Incorrect Po From Customer -VJ

Y

NO REASON

Common set

No reason entered

Y

NOT DELIVERED

Common set

Not delivered

Y

ORDER ENTRY ERROR

Common set

Order entry error

Y

ORA_OWNERSHIP_CHANGE

Common set

Ownership definition change

Y

PA_CREDIT_MEMO

Common set

PA Credit Memo

Y

PARTIAL DELIVERY NOT ACCEPTED

Common set

Partial Delivery Not Accepted-VD

Y

PAYMENT TERMS ISSUE

Common set

Payment Terms issue-VI

Y

PeopleSoft Migration

Common set

PeopleSoft Migration

Y

PRICE DIFFERNCES

Common set

Price differences-VI

Y

RETURN

Common set

Product return

Y

SV CONTRACT CASE

Common set

SV contract case-VS

Y

CONCTRACT EARLY CANCELLATION

Common set

SV contract early cancellation -CD

Y

SALES TAX ERROR

Common set

Sales tax error

Y

SERVICE

Common set

Service

Y

SHIPPING and HANDLING

Common set

Shipping and handling

Y

SHIPPING CHARGES ERROR

Common set

Shipping charges error

Y

TAX_EXEMPT

Common set

Tax exempt

Y

TAX RATE ERROR

Common set

Tax rate error

Y

UNJUSTIFIED CASH DISCOUNT

Common set

Unjustified Cash Discount-CF

Y

WARRANTY CASE

Common set

Warranty case-VS

Y

PA_WRITE_OFF

Common set

Write off from projects

Y

WRONG FREIGHT

Common set

Wrong freight

Y

WRONG PRODUCT

Common set

Wrong product

Y

WRONG TAX RATE

Common set

Wrong tax rate

Y

 











 Dispute Approval workflow

Go to BPM---> Task Configuration----->search tasks to be configured(FiN%)

 





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