Overdue Rules Are Embodied In Algorithms

Your organization's overdue rules are defined in algorithms plugged in on Collection Class Overdue Rules (in the Overdue Monitor Rule system event). When the Overdue Monitor analyzes an account, it uses the rules associated with the account's collection class, division and currency code. To analyze an account, it simply invokes these algorithms in sequence order, i.e., the lower the sequence, the higher its priority.

An Overdue Monitor Rule algorithm has two responsibilities:

• it determines if an account violates its overdue rules,

• if so, it creates one or more overdue processes using an overdue process template