Setting Up Overdue Event Types

An overdue event type encapsulates the business rules that govern a given type of overdue event. Open Admin > Credit & Collection > Overdue Event Type > Add to set up overdue event types.

Note:

Recommendation. Before using this transaction, we strongly recommend that you review The Big Picture Of Overdue Events.

Description of Page

Enter a unique Overdue Event Type code and Description for the overdue event type.

Use Long Description to provide a more detailed explanation of the purpose of the overdue event type.

The Algorithms grid contains algorithms that control important functions. You must define the following for each algorithm:

  • Specify the algorithm's System Event (see the following table for a description of all possible events).
  • Specify the Algorithm to be executed when the System Event executes. Set the Sequence to 10 unless you have a System Event that has multiple Algorithms. In this case, you need to tell the system the Sequence in which they should execute.

The following table describes each System Event (note, all system event's are optional and you can define an unlimited number of algorithms for each event).

System Event

Optional / Required

Description

Cancel Logic

Required

This algorithm is executed to cancel an overdue event. Refer to How Are Events Canceled for the details.

Event Activation

Required

This algorithm is executed to activate an overdue event on its trigger date. Refer to Overdue Events Can Do Many Things and How and When Events Are Activated for the details.

Event Information

Optional - only used if you want to override an overdue event's info string

This algorithm is executed to construct an overdue event's override info string. Refer to Overdue Event Information Is Overridable for the details.

Monitor Waiting Events

Optional - only used if events of this type can enter the Waiting state

This algorithm is invoked by the Overdue / Cut Event Manager for events in the Waiting state. Refer to Some Events Wait For Something Before Completing for the details.