Fund allocation configuration
Applying funds is disclosed. A set of interfaces for configuring filtering criteria and receiving user configurations of the filtering criteria is displayed. Fund information pertaining to a fund that is to be applied to one or more receivables under an insurance policy account is received. A set of eligible receivables is identified based on filtering information included in the fund information and a set of preconfigured filtering criteria. A set of ranked receivable partitions to which the fund is applied is established based on a set of preconfigured priority criteria and using the fund information and information associated with the set of eligible receivables. The fund is applied to the ranked receivables partitions according to the rankings.
1. A system, comprising:
a processor configured to:
receive fund information pertaining to a fund that is to be applied to one or more receivables under an insurance policy account;
receive a funds allocation plan template, comprising to:
present, via a user interface, at least one filter label representation corresponding to at least some of a plurality of preconfigured filters to a user:
receive a selection, via the user interface, of a filter label representation from the user, wherein the filter label representation corresponds to a preconfigured filter associated with corresponding filter code;
present, via the user interface, comparator label representations;
receive a sorted selection, via the user interface, of at least one comparator label representation, wherein a comparator label representation corresponds to a preconfigured comparator associated with corresponding comparator code; and
generate the funds allocation plan template based on the received sorted selection of the at least one comparator label representation and the received selection of the filter label representation;
identify a set of eligible receivables at least in part by executing the filter code associated with the preconfigured filter;
establish a set of ranked receivable partitions to which the fund is applied at least in part by executing the comparator code, comprising to:
construct a tree based on the comparator code, wherein the tree is constructed at runtime; and
compartmentalize, using the tree, the identified set of eligible receivables into the established set of ranked receivable partitions; and
apply the fund to the ranked receivable partitions; and
a memory coupled to the processor and configured to provide the processor with instructions.
2. The system of claim 1 , wherein the filter code is associated with a set of receivable attributes.
3. The system of claim 1 , wherein the filter code is associated with a charge pattern, a coverage identifier, or both.
4. The system of claim 1 , wherein the filter code is associated with a charge group.
5. The system of claim 1 , wherein a credit is configured to be applied to receivables in reverse chronological order.
6. The system of claim 1 , wherein a payment is configured to be applied to receivables in chronological order.
7. The system of claim 1 , wherein the tree comprises a binary decision tree.
8. A method, comprising:
receiving fund information pertaining to a fund that is to be applied to one or more receivables under an insurance policy account;
receiving a funds allocation plan template, comprising:
presenting, via a user interface, at least one filter label representation corresponding to at least some of a plurality of preconfigured filters to a user;
receiving a selection, via the user interface, of a filter label representation from the user, wherein the filter label representation corresponds to a preconfigured filter associated with corresponding filter code;
presenting, via the user interface, comparator label representations;
receiving a sorted selection, via the user interface, of at least one comparator label representation, wherein a comparator label representation corresponds to a preconfigured comparator associated with corresponding comparator code; and
generating the funds allocation plan template based on the received sorted selection of the at least one comparator label representation and the received selection of the filter label representation;
identifying a set of eligible receivables at least in part by executing the filter code associated with the preconfigured filter;
establishing a set of ranked receivable partitions to which the fund is applied at least in part by executing the comparator code, comprising:
constructing a tree based on the comparator code, wherein the tree is constructed at runtime; and
compartmentalizing, using the tree, the identified set of eligible receivables into the established set of ranked receivable partitions; and
applying the fund to the ranked receivable partitions.
9. The method of claim 8 , wherein the filter code is associated with a set of receivable attributes.
10. The method of claim 8 , wherein the filter code is associated with a charge pattern, a coverage identifier, or both.
11. The method of claim 8 , wherein the filter code is associated with a charge group.
12. The method of claim 8 , wherein a credit is configured to be applied to receivables in reverse chronological order.
13. The method of claim 8 , wherein a payment is configured to be applied to receivables in chronological order.
14. The method of claim 8 , wherein the tree comprises a binary decision tree.
15. A computer program product, the computer program product being embodied in a non-transitory tangible computer readable storage medium and comprising computer instructions for:
receiving fund information pertaining to a fund that is to be applied to one or more receivables under an insurance policy account;
receiving a funds allocation plan template, comprising:
presenting, via a user interface, at least one filter label representation corresponding to at least some of a plurality of preconfigured filters to a user;
receiving a selection, via the user interface, of a filter label representation from the user, wherein the filter label representation corresponds to a preconfigured filter associated with corresponding filter code;
presenting, via the user interface, comparator label representations;
receiving a sorted selection, via the user interface, of at least one comparator label representation, wherein a comparator label representation corresponds to a preconfigured comparator associated with corresponding comparator code; and
generating the funds allocation plan template based on the received sorted selection of the at least one comparator label representation and the received selection of the filter label representation;
identifying a set of eligible receivables at least in part by executing the filter code associated with the preconfigured filter;
establishing a set of ranked receivable partitions to which the fund is applied at least in part by executing the comparator code, comprising:
constructing a tree based on the comparator code, wherein the tree is constructed at runtime; and
compartmentalizing, using the tree, the identified set of eligible receivables into the established set of ranked receivable partitions; and
applying the fund to the ranked receivable partitions.