Collection Code

The Collection Code defines the type of actions to be taken by the loan system based on the Action and Result codes that were selected from the drop down lists during the collection process.


Each collection code must be defined with a unique combination of Action Code and Result Code. When that combination is selected during the collection process, the actions associated with this Collection Code (Secondary Dialogs, Promise to pay, and Scripting) will automatically be executed.

Select Hide from collectors to prevent the Action Code and Result Code from being displayed to other users.

The collection comments for this collection code will be specified in the comments and documents folder specified in the Category Folder field.

The buttons along the top of the Collection Code Setup screen are:

Add Add Adds a new Collection Code to the list.
Delete Delete Removes the Collection Code from the list. If the result code is used in a Collection code definition, it cannot be deleted.
Modify Modify Allows you to change the description of the selected Collection Code.
Print Prints a list of all Collection Codes and their descriptions.

Main

The Main tab of Collection Code setup contains the Action and Result Code combination which causes this Collection Code to be executed, checkboxes for Secondary dialog and Promise to pay, and a Secondary Dialog Screen Description field.

If Secondary dialog is selected, then during the collection process, any time this Collection Code is executed (by the selection of the appropriate Action and Result Codes) a secondary dialog will pop up to allow the user to enter information required for this collection action. The fields on the secondary dialog are defined on the UDF’s tab.

If Promise to pay is selected, then during the collection process, any time this Collection Code is executed (by the selection of the appropriate Action and Result Codes) a special promise to pay dialog will pop up. This will allow the entry of date and amount for the Promise to pay, as well as allow the promise to be linked to an existing receivable.

Examples of Secondary dialogs and Promises to pay will both be shown in action in Collector Mode.

UDF’s

The UDF’s tab of the Collection Code setup is where the fields on a secondary dialog are configured.


These user-defined fields are configured similarly to other user-defined fields in NLS.

For more information on the practical use of a Secondary Dialog, see Collector Mode.

Options

Update Last Contact Date The last contact date field of the collection status for this account is updated to today’s date whenever a collection code with this checkbox selected is activated.
Update Next Contact Date
Force Next Contact Date

If this checkbox is selected, a Next Contact Date must be selected before the collection action can be completed. It may be selected automatically by the Next Contact Date Default Value, but if there is no default value setting, then it must be entered by the user.

Note

A setup combination where Force Next Contact Date is selected, Next Contact Date Modifiable by User is NOT selected, and there is no default value would be an invalid combination as it would make it impossible to save a collection action under any circumstances.
Next Contact Date Modifiable by User The next contact date, as defined by the default settings, may be overridden by the user.
Promise-to-Pay Date Modifiable by User The promise to pay date, as defined by the default settings, may be overridden by the user.
Promise-To-Pay Date Default Value Date to be used when a PTP is created.
Advance By DaysSets the PTP date by the specified number of days into the future.
Current System DateUses the current system date as the PTP date.

NLS 5.7.2 and later

Promise-To-Pay Maximum Days
Sets the maximum days into the future that a PTP date can be assigned.

NLS 5.6 and later

Promise-to-Pay Threshold

Threshold, in percentage of the promised amount, at which a promise is kept.

Example

If the threshold is set to 98% and the promise to pay amount is $100.00, a payment of $98.00 or greater will consider the promise as being kept. A payment less than 98% is considered promise broken.

To disable the threshold, set the value to 100%.

Calculated value is rounded to the second decimal place.

NLS 5.6 and later

Promise-to-Pay Grace Period Value by Days

Number of days after the promise date that a payment can still be considered as promise kept.

Example

If the promise to pay date is January 20th and the grace period is set to 2, a payment made on January 22nd is still considered as promise kept. A payment on January 23rd is considered promise broken.

To remove the grace period, set to 0 days.

A broken PTP will be considered kept when backdating a payment to fall within the grace period.

Category Modifiable by User All collection comments will go into the collection comments folder as well as one normal comment category as defined on the main tab of the collection code. This option allows the user to override which comment category the particular collection action’s comment is stored in.
Show Phone Name and Phone Number

Fields for phone name and phone number are displayed prominently at the bottom of the form that will pop up for the collector to fill out. The contact phone number field will be blank unless Automatically Fill in Phone Number is also selected. If Phone Number Modifiable by User is selected, the field will be open for the user to fill in the phone number.

Note

A setup where the Phone Number field is shown, but NOT automatically filled in, and where the phone number is NOT modifiable by the user will result in a blank field in which the user cannot enter any data (i.e. a useless field).
Contact Called5.23+
Select this option to show the Contact Called field in the form. Use this field to manually specify which of the loan’s contact relationships was called.
Automatically Fill in Phone Number The previous checkbox must also be selected for this to have any effect. The phone number field which is shown will be populated with the primary phone number from the contact.
Phone Number Modifiable by User The option to show contact name and phone number must be selected for this to have any effect. Selecting this option allows the phone number to be entered into the field, and if the field was automatically filled in, allows the user to override that phone number.
Automatically Put the Phone Number in the Comment When the collector comment is saved, the phone number will be placed in the comment. If the phone number was shown on the collection and if the user was allowed to modify it, the phone number placed in the comment will be as modified by the user.
Reject if Active Promises Exist If there is an unexpired promise to pay on the loan, this combination of action and result code will not be allowed.
Multiple Promise-To-Pay5.19+
Selecting this option enables the ellipsis button—allowing for the entry of multiple PTPs—next to the Promise Amount field in the Promise to Pay dialog.

Script

Visual Basic scripting can be added directly to a Collection Code. If VB Scripting exists on a Collection Code, the program sequence defined by that script would be executed whenever a collection action using this Collection Code is run (by the existence of Action and Result Codes in the proper combination).

For detailed information on scripting, see Scripting.