Algorithms and Methods

Before you use Payment Predictor, you must establish exactly what you want it to do. How will you handle overpayments and underpayments? Should complex payments be reviewed before posting? You use algorithms and methods to tell Payment Predictor what kind of payment situations to expect and how to handle each one.

Algorithms are SQL statements that match payments with open items according to the criteria that you specify. Algorithm groups are collections of related algorithms. For example, the algorithm group PASTDUE includes two algorithms: PASTGR for all past due items without a discount and PASTNET for past due items with a discount.

Methods are a series of steps that are performed conditionally based on remittance information. Methods reference one or more algorithm groups.

The Payment Predictor algorithms use SQL to define how to match payments with open items. The program's flexibility means that the required setup generally needs the attention of the technical members of your project team who are fluent in SQL, especially for changes to algorithms. For method setup, the more technical members of the project team require input from the team members who are familiar with your customers' remittance patterns and exception processing procedures.