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Creditor Management
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Home > Product > Components > Creditor Management

The creditor management module provides a sophisticated interface to easily identify and select a creditor, define payment, proposal, fair share, and concession information about the creditor, manage EDI and EFT information, and merge creditor accounts.

The creditors can be defined in a hierarchical relationship such that configuration information need only be entered once and applies to all of the creditors in the relationship.

Features and Benefits

Feature

Benefit

Hierarchical creditor relationship structure allows creditor attributes to be entered once and applied to all creditors in the relationship Eliminates redundant date entry and errors
Allows for the collection of payment, Fair share, proposals, concessions, and disbursement configurations. Enables configurations that accurately represent the demands of the creditors to maximize disbursement accuracy and increase fair share collection.
Flexible consolidation of accounts. Can merge creditor accounts for an entire creditor or a portion of a creditor. Easy account consolidation or separation enables agency to update accounts based on changes to creditors
Provides flexible EFT and EDI biller ID definition for VISA and RPPS Maximizes EDI and EFT activity which increases plan acceptance and increases fair share
Creditor hierarchy provides activity reporting at any level in the hierarchy Provides accurate reporting for groups of related creditors.
Locate Creditors by name, alternate names, city, account mask. Displays related creditors based on the hierarchy definition. Allows for rapid and accurate selection of the desired creditor
Define and access contact information for the creditor. Provides a single repository of contact information for a creditor to ensure that the correct contact is used. Reduces amount of time required to locate and contact the creditor representative.