In Loans App you can make mass changes across multiple contracts only in few easy steps:
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Processing/Financial Payment Posting
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Payment Posting
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Financial Payment Posting
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Task processes rows with the filter Blocked=false.
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Processing/Changes
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Change Contracts Financing Rate
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Mass financing rate change from a specific date
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In case of change the financing rate from a specific date, following parameters must be met
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Financing Calculation Model: Interest Payment
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Daily Interest on Contract: ON
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Daily Interest in Change Contracts Financing Rate Wizard: ON
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Define Valid From (Daily Interest Only) from which the change applies
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Define New Financing Rate
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At the end, the system displays information about the number of changed contracts
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For unchanged contracts, open the Change Error Log with details of the failure.
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Change Contracts Payment Terms
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Change Error Log
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to see the whole process watch following video:
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