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1. How can a Collector assigned to a Customer modify a strategy that is assigned from the Collections Dashboard?
A) A strategy is automatically assigned based on Scoring and cannot be manually assigned to a Customer by a Collector.
B) Only a Collections Administrator can modify the strategy.
C) The strategy can be modified from the Manage Customers page.
D) The Collector can modify the strategy from the Profile > Strategies tab.
2. After reviewing an incomplete invoice, the Billing Manager clicks the Complete button in the Transactions window.
What are three results of this action?
A) The invoice is eligible for transfer to the General Ledger.
B) The payment schedules are created using the payment terms specified.
C) The invoice is included in the standard aging and collection process if the transaction type has the Open Receivables option set to No.
D) The invoice can now be printed.
E) The invoice is sent for a dunning follow-up.
3. Identify a valid reason for a Collector being unable to enter a dispute against a particular transaction.
A) The transaction is an invoice.
B) The transaction date falls in a closed period.
C) The invoice is not closed.
D) The transaction is partially paid.
E) The transaction type is not associated with a credit memo type.
4. What is the impact on transactions of changing the billing cycle for a customer or group of customers?
A) Existing transactions with activity adapt the new billing cycle.
B) New transactions after this change inherit the new billing cycle.
C) Existing transactions with no activity retain the old billing cycle.
D) The billing cycle does not have any impact on new transactions.
5. Which configuration step is required for processing Collections disputes?
A) Define Dispute Thresholds in Collections Preferences.
B) Define a "Collections" Approval Group as well as a "Billing" Approval Group in the BMP Worklist.
C) Define Aging Method to be used with disputed transactions.
D) Set "Send Dispute Notice" Option to "Yes" in Collections Preferences.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,D | Question # 3 Answer: E | Question # 4 Answer: B | Question # 5 Answer: A |
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