Question

Which config controls collections based on age of debt, amount, etc.?

Answer 1

Credit control is the configuration that controls collections based on age of debt, amount, etc.

Step-by-step explanation:

The configuration that controls collections based on age of debt, amount, etc. is known as credit control. Credit control involves implementing a set of policies and procedures to manage and monitor the credit extended to customers and control bad debt. By setting parameters, such as the age of debt or amount outstanding, a company can determine when and how to collect overdue payments.

Answer 2

A credit scoring model is used to control collections based on age of debt, amount, etc.

Step-by-step explanation:

The configuration that controls collections based on age of debt, amount, etc. is known as a credit scoring model. This model is used by businesses to assess the creditworthiness of individuals or organizations and determine the likelihood of debt repayment

. It takes into consideration various factors such as the age of debt, amount owed, credit history, and other relevant data to generate a numerical score that represents the risk associated with lending money or extending credit to a borrower.