Adding the Credit Rating Details for an Account

Prerequisites

To add the credit rating details for an account, you should have:

  • Collection classes defined in the application

Procedure

To add the credit rating details for an account:

  1. Ensure that the Credit Ratings page is expanded in the Customer Registration - Add Account screen when you are adding or editing the account of a person.

    The Credit Ratings page contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Collection Class Used to indicate how the account's debt is reviewed by the credit and collections processes (i.e., the account debt monitor and the write-off monitor). Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    Postpone Credit Review Until Used to specify the date till when you want to postpone the account's debt review by the credit and collections processes (i.e., the account debt monitor and the write-off monitor). Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    Last Credit Review Date Used to indicate the last review date of the account's debt by the account debt monitor. Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    Current Credit Rating Displays the current credit rating. Not applicable
    Current Cash Only Score Displays the current cash only score. Not applicable
    Start Date Used to specify the date from when the credit rating transaction affects the account's credit rating and cash-only score.
    Note: The start date cannot be later than the end date
    		 Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    End Date Used to specify the date till when the credit rating transaction affects the account's credit rating and cash-only score.
    Note: The end date cannot be earlier than the start date.
    		 No
    Affect Credit Rating By Used to specify the effect of the credit rating transaction on the account's credit score.
    Note: This should be a negative number because the lower the score, the worse the credit rating.
    		 Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    Affect Cash Only Score By Used to specify the effect of the credit rating transaction on the account's cash-only score.
    Note: This should be a positive number because the higher the score, the greater the chance for the account to be marked as cash-only.
    		 Yes (Conditional)
    Note: This field is required while adding the credit rating details for an account.
    Comments Used to specify additional information about the credit rating for the account. No
    Note: The Credit Ratings page appears in the Customer Registration - Add Account screen when you are defining, editing, or copying a customer registration which is created using the C1-CustomerRegistrationBanking business object.
  2. Enter the required details in the Credit Ratings page.
  3. If you want to add more than one credit rating details for the account, click the Add (The Add Icon) icon and then repeat step 2.
    Note: However, if you want to remove a credit rating detail from the account, click the Delete (The Delete Icon) icon.
  4. Click Validate and Save.
    The credit rating details are added for the account.

Related Topics

For more information on... See...
How to define a customer registration Defining a Customer Registration
How to edit a customer registration Editing the Customer Registration Details
How to copy a customer registration Copying a Customer Registration
How to add an account for a person Adding an Account for a Person
How to edit the account details of a person Editing the Account Details of a Person