Payments can be simulated online by a user. Simulating a payment allows a user to view all payments due to a participant for a specific date before the payment is generated and issued. This allows the user to see how much money a participant is due to receive over a given period. The system also displays any deductions due on payments. Simulating deductions on payments optimizes payment processing. If the user is not satisfied with the details of a deduction that is due to be processed, the deduction can easily be modified to achieve the desired result.
When a payment is simulated, the system retrieves the financial components created when the case was activated, or last reassessed, and rolls them forward until the date entered by the user is reached. It then generates a simulation of the payment for that week or for the delivery period of the case. The system also calculates the amount, cover period, and effective date of the payment. If deductions are set up on the case, these deductions are applied to the financial components and the reduced payment amount is also displayed. If no deductions exist on the case, the system only displays the payments due on that particular date.
A history of simulated payment records is maintained over time, allowing agency workers to provide a holistic view of potential payments with deductions to clients.