Scoring Formulas
Scoring formulas are the foundation for your collections activities.
Scoring Formulas
Oracle Fusion Advanced Collections uses scoring in two ways:
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Determines transaction status as current, delinquent, or predelinquent. Collections scores invoices and debit memos from Oracle Fusion Accounts Receivables. A customer is delinquent when they have past due transactions.
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Determines the collectability of each customer at the customer, account, or bill-to site level. Use data points about the customer to determine collectability.
Scoring formulas consist of:
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High and low scores
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One or more weighted data points that must sum to 1
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Data point details
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Status used only in the case of scoring transactions
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A segment which enables you to run against a subset or segment of the database
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A review where you can test your formula
A Scoring formula provides you an effective way to manage your collections resources and strategies.
Collections delivers a set of scoring formulas you can apply or copy and modify to your specific business needs.
Considerations and Recommendations
Consider the following:
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You should test all data points and scoring formulas in a test environment using a portion or all of your production data
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Once you're satisfied with the scoring results and performance, you can move your tested scoring formulas to your production environment