The Overdue Monitor determines if an account violates your overdue rules. It can be run in one of two modes.
If the Overdue Monitor process is run with the ‘Restrict by Periodic Review’ parameter set to true (batch control C1-ADMVP), it will review all accounts that have not been reviewed for at least X days, where X is defined on the Account Type - Controls associated with the account's account type and division (in the field Min Compliance Review Freq (Days)).
If the Overdue Monitor process is run with the ‘Restrict by Periodic Review’ parameter left blank (batch control C1-ADMOV), it examines account debt 'on demand' by looking at a special table called Compliance Review Schedule, which contains one or more specific account IDs to be selected and the date on which each account should be reviewed. Processes can insert a record into this table if something happens to the account. Some examples of base processes that insert a row in this table include:
FT freeze. A row is inserted for the account for the current date if the obligation's balance is considered overdue or for the payment due date plus the Compliance Review Grace Days specified on account type if the obligation's balance is not yet due.
If a payment is canceled with a cancellation reason that indicates non-sufficient funds.
The role of the ‘on demand’ Overdue Monitor is to process the accounts for which some activity is known to have occurred as soon as possible after the activity that triggered the review. The recommendation is to run the monitor using batch control C1-ADMOV on a nightly basis.
The role of the ‘periodic’ Overdue Monitor is to ensure that all accounts are reviewed regularly, regardless of whether there has been specific activity. The times at which the monitor should be run in this mode (using batch control C1-ADMVP) will depend on your organization’s business practice and the nature of your account types.
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