Custom Calendars
Advantages of a Custom Calendar
Custom calendars allows company to keep to its own customizable calendar with easy-to-add holidays and weekends. Users authorized to use the Settings workplace can easily:
Define a specific day as a bank holiday
Set the holiday date as annual
Edit holiday details
Remove holidays from the calendar
This seemingly small change allows for convenient use of the system and awareness of all its users about the working schedule of the company. Moreover, once the custom calendar has been created, it is possible to set-up automatic date rolling, as described in the following subsection.
Date Rolling
Date Rolling is automatic move of due dates that fall on the weekend or bank holiday to a working day (most commonly - to the nearest following working day). This way, the company won’t have to deal with the cases when ab observant borrower misses the due date because it falls on a bank holiday. Such an approach is beneficial for the both company employees who won’t need to spend time and effort to report such delays, and what is even more important, for the customers who will feel respected and won’t need to adjust their usual payment routines or worry about missing a due date.
How to Set Up Custom Calendar
First of all you need to address your TurnKey Lender contact point and enable the custom calendar functionality. Once the functionality has been enabled, you (or any other company user authorized to use the Settings workplace) will see the “Calendar” tab in the Settings → Loan Settings section.
By default it is displayed for the current year and month. All the holidays defined for the company (if any) are displayed in the table below the year selection.
Add a holiday
To add a new holiday,
Click the “Add new holiday” button
Fill in the emerged “Add new holiday” form
Name: Any text that identifies the holiday. It is highly recommended to keep the name sensible to help other calendar users.
Period: Define if it is a one time even or something repeated annually
Month and Day: Define the date
For example we’ve added the Labor Day for year 2022. When the period is switcher from “annual” to “one time” the calendar field will appear - this way we can conveniently find the first Monday of September
Modify the Calendar
All saved holidays will appear in the table below the year selector.
The edit and delete icons to the right from the calendar, let the users easily access settings of a specific holiday.