How You Run Periodic Credit Reviews

Use the Periodic Credit Review process to perform a credit review of applicable customers and customer accounts.

You create the periodic credit review definition for your customers and customer accounts in the credit profile. The important values in the credit profile are:

• Credit Review Cycle field: Defines how often customers with this profile are subject to a periodic credit review: Quarterly, Semiannually, Annually. In general, customers with a higher degree of credit risk would be subject to more frequent reviews.

• Next Review Date field: Contains the date of the next credit review for customers with this profile. This date is calculated automatically if the Last Review Date and Credit Review Cycle fields contain values.

A run of the Periodic Credit Review process includes all customers with a Next Review Date value on or before the current date and the applicable Credit Review Cycle value defined.

Note: The process only includes customer and customer accounts that have both Next Review Date and Credit Review Cycle defined. If either value is missing, the customer isn't included in the process run.

After the process run, the current date is populated in the Last Review Date field, and the Next Review Date field is populated according to the Credit Review Cycle value. For example, after a credit review on January 1, 2017, quarterly reviews are assigned a next review date of April 1, 2017; semiannual reviews, July 1, 2017; and annual reviews January 1, 2018. You can change the default Next Review Date and Last Review Date values at any time, according to your credit policy and business requirements.

Process Parameter

Use the Order Output By parameter to order the report data by customer, customer account, or next review date.

The process only provides this parameter, and includes all eligible customers and customer accounts in the review. You can't run the Periodic Credit Review process for a subset of customers or customer accounts eligible for credit review.

Periodic Credit Review Report

Use the Periodic Credit Review Report to review a run of the Periodic Credit Review process.

The process creates a new case folder for each applicable customer or customer account and assigns the case folder to a credit analyst. The process also records the customers that already have active case folders.

The report provides separate sections for customers that had new case folders created and customers that already have currently active case folders.

This table describes the column headings in the report output:

Column Heading	Description
Customer	The name of the customer.
Customer Account	The name of the customer account.
Credit Classification	The credit classification for the customer or customer account.
Credit Review Cycle	The credit review cycle for the customer or customer account.
Next Review Date	The date of the next credit review.
Case Folder Created	The credit case folder number.
Credit Analyst Assigned	The name of the credit analyst assigned to the case folder.