1.7 Promise to Pay

Oracle Banking Collections and Recovery facilitates the collectors to capture and track promise made by the customer to pay amount due on the delinquent account.

The key features of this functionality are:

• Facilitates to capture single and multiple promises.
• Helps to define threshold percentage and grace days for promised amount based on different parameters.
• Facilitates tracking and appropriation of payments received against the promises.
• Facilitates to track broken promises.