4.7 Determine Due Date, Late Payment Charge Date, and Credit Review Date

Reference: Manage Loan Charges Process Model - Page 2 for the associated business process diagram.

Group:

•	Bill Completion

•	Batch Billing

Actor/Role: CC&B

Description: During Bill Completion the Due Date, Late Payment Charge Date, and next Credit Review Date are determined and made available as information for the Bill and Account. Some Companies require Late Payment Charges calculated and added to the Bill. If this is the case, the system allows doing so. Two algorithms are listed below for information only. This step can be executed from online and batch processing.

Available Algorithms

•	BILPC-TOTAL - This Algorithm Type calculate the late payment charge amount for a specific service agreement linked to an account.

•	BILPE-ALL -used during the late payment charge background process to determine if an account is eligible for late payment charges.

Process Names

•

Billing

Entities to Configure

•

SA Type

•	Customer Class

•	Adjustment Types