PREMIUM BILLING AND COLLECTION WORKFLOW

Created by ChecklistGuro (https://checklistguro.com)

[ ] Fetch Unpaid Invoices: Retrieve all entries from the Invoices data model where status is 'Unpaid' and due date is past.
[ ] Calculate Total Outstanding Balance: Sum the 'Amount Due' property from all retrieved unpaid invoice entries to determine total debt.
[ ] Calculate Late Fees: Apply a percentage-based formula to the unpaid amount based on the number of days overdue.
[ ] Update Invoice with Late Fee: Update the 'Total Amount Due' field in the specific Invoice entries to include the newly calculated late fee.
[ ] Send Payment Reminder: Send an automated email to the client's email address found in the Invoice data model with the updated amount.
[ ] Assign Collections Agent Task: Create a task for the Accounts Receivable user to manually verify the updated invoice details.
[ ] Create Collection Log Entry: Create a new entry in the 'Collection History' data model to document that a reminder was sent.
[ ] Check Client Credit Limit: Retrieve the 'Credit Limit' property from the associated Client data model.
[ ] Determine Credit Risk Level: Compare Total Outstanding Balance against the Client Credit Limit to calculate a risk ratio.
[ ] High-Risk Alert Task: Create a high-priority task for the Finance Manager if the risk ratio exceeds a predefined threshold.
[ ] Send Urgent SMS Notification: Send a short SMS alert to the client's registered phone number for invoices overdue by more than 30 days.
[ ] Generate Weekly Delinquency Report: Generate a summary report containing all aggregated unpaid amounts and late fee totals for management review.
[ ] Update Client Account Status: Update the 'Account Status' in the Client data model to 'On Hold' if the total debt exceeds the credit limit.
[ ] Remove Duplicate Notifications: Delete redundant or errored reminder entries from the Collection Log to maintain data hygiene.

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