This topic describes the information about Promise Type.

A promise type is used while creating a promise to pay to track the promise of payment made by the customer. User can create promise types based on your requirement for handling promise to pay of accounts that belong to different segments.

For example, user may want to create promise to pay for accounts that belong to a certain segment, with grace days as 20 and threshold limit as 30%. In this scenario, user can create a promise type with these configurations and choose the required segment to which it will be applicable.

User can create and manage promise types using the following pages:

• Create Promise Type
  This topic describes the information about Create Promise Type.
• View Promise Type
  This topic describes the information about View Promise Type.