Understanding Algorithm Groups

Before you can use Payment Predictor to apply payments automatically, you must select and refine the algorithms that determine how Payment Predictor handles specific payment situations.

An algorithm group is a collection of related algorithms. An algorithm group represents a section in the Payment Predictor process and each algorithm in the group represents a step in the section. Each algorithm has at least three statements:

• A statement that names the algorithm within the group.

• An insert statement that populates the PS_PP_MATCH_TAO temporary table.

  This step is usually named for the algorithm within the group, but it can be named anything.

• A statement that performs the post-match processing.

PeopleSoft Receivables has sample algorithm groups that you can use to set up Payment Predictor. You can use an algorithm group as delivered. You can deactivate the algorithms in the group that you do not want to use, copy the same algorithm group to another method, and then deactivate different algorithms. You can create new algorithm groups as needed by copying algorithms from other algorithm groups and then modifying the algorithms to suit your particular needs.