Proposal Review

·This allows the user to view and maintain the proposal review of the client.

oA proposal review contains all the proposal information for the client e.g. creditors, obligation ref installments, balances, interest rates.

oAdditional proposal review can be inserted in order to revise a client's proposal while leaving the previous proposal un-changed.

oThe payment plan will be updated according to the latest proposal instance, the history of the payment plan will remain un-changed.

o When inserting a proposal review on a client with escalation, an escalation income is inserted to match the current planned affordability and the extra funds distributed amongst the active obligations.

ProposalInstances

This is an example of the  Proposal instance Browse

 

PropsalInstancesForm

This is an example of the  Proposal instance Form

 

Minus18Proposal Review

·This feature allows the user to view and maintain the revised proposal  of the client.

·The feature inserts an additional proposal for the client.

Minus18 Why a Proposal Review?

·If a client has been on debt review for a while and a new proposal needs to be generated for the client, this feature allows just that.

·Here are a few reasons why a new proposal would need to be generated on a client:

ØThe client's circumstances may have changed such as the client's job and therefore salary.

ØAccounts may need to be inserted or removed.

ØProposal changes may have been made by the court after a few months.

 

Minus18What makes the proposal review so special?

·A proposal review allows the user to insert all the usual proposal information for the client e.g. creditors, obligation ref, instalments, balances, interest rates.

·A proposal review does not affect the previous proposal or payment plan.

·All new balances, interest rates and other COB information inserted in the obligations as well as budget changes of a proposal review will apply from the date that was inserted on the proposal review form.

·A proposal review doesn't just apply to the proposal from the new date, it also applies to the payment plan, inserting all the new figures on the plan going forward.

·Upon inserting a proposal review, a new outstanding balance is automatically inserted on the obligations based on the current balance for those obligations on the payment plan.

·Similarly, if an obligation is paid up during the course of the previous proposal, that obligation will be excluded from the proposal review.

·If the client's proposal included annual escalation, the proposal review will insert an adjusted(Locked) affordability which equals the current collection amount on the payment plan, this can then be edited by the user.  

 

Minus18Additional information regarding the Proposal Review Feature

·The current proposal status of the client needs to be set to "Final" before inserting a proposal review

·When making changes to the proposed figures on the obligations of a proposal review the proposed figures of the remaining creditors will be updated as the remaining funds are distributed pro rata.

·Certain calculation features are not supported on a reviewed proposal (Such as "Search For A Solve" and "Max Term Override") because the calculations made on a proposal review are simply a pro rata distribution of funds based on the previous proposed figures.