Client Management Company Rate Change Create a Rate Change - Renewal Date Method
Create a Rate Change - Renewal Date Method
Once you create a new Company Rate Change batch, you may save it and continue working with the batch making changes up until the point the batch is posted. Once a batch has been posted, no further changes can be made to the batch, however you may view posted batches by selecting the checkbox at the bottom of the Company Rate Change List ‘Include Posted Increases’.
Navigate to the Client Management menu and select the Company Rate Change menu option. The Company Rate Change List will be displayed. Press the New button located at the bottom of the form to start a new batch. Once the Company Rate Change Form opens, enter a Description for the batch at the top of the form. Proceed on to the next section, Setup Information.
Setup Information
Effective Date – select from the drop-down list the month and year the rate change will become effective.
Use Recurring Renewal Dates – select this option button.
Effective Date is – select from the greater than or less than value.
Percentage Rate – enter the default percentage rate that will be used to increase recurring lines. If the recurring line has an override percentage, the override percentage rate on the recurring line will be used; otherwise the default rate will be used.
Update Rate Increase Date months – enter the number of months that will be used to update the Rate Increase date and the Renewal date once the rate change batch is posted.