Overview
This release introduces a new functionality that allows visibility of bad debt provisions across multiple legal entities for a single client. If a client has a provision for doubtful debt recorded in one legal entity, other legal entities can view this information to make informed decisions about future engagements. It is also useful to view and report global provision balances from one screen.
Key Features
Provision for doubtful debt feature:
The functionality is controlled by the “(evergreen) Provision for doubtful debt” feature.
Global provision balances form:
A new form, ‘Global provision balances,’ has been introduced to view consolidated provision balances across all legal entities.
Clients must have a relationship/link, with the party ID serving as the linking mechanism across multiple legal entities. To view provision balances for a client across all legal entities in one place, clients must have the same party ID.
Navigation path: Organization administration > Global address book > Global address book
Provision balance overview
The first screen lists and consolidates provision balances across all the legal entities for the clients.
Navigation path: Credit and collections > Collections > Global provision balances
| Client Name | Provision Balance |
|---|---|
| Name of the client across all the legal entities. | Provision balances consolidated across all legal entities and displayed in the currency of the entity initiating the inquiry. |
Global provision balance details
The global provision balance details screen shows provision balances for the client per legal entity.
| Client Name | Company | Client ID | Client Relationship Partner | Provision Balance | Company Currency | Provision Balance in Company Currency |
|---|---|---|---|---|---|---|
| Name of the client | Legal entity | Unique ID of the client in each legal entity | Client partner in each legal entity | Amount in the accounting currency of legal entity initiating the inquiry | Accounting currency of each legal entity | Amount in the accounting currency of each legal entity |
Security & Access control
- New security role: evergreen Global Debt Manager
- New duty: evergreen View Global Provision Balance
- New privilege: evergreen View Global Provision Balance
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