Does any program update the customer account status?

Summary:

Does any program update the customer account status?

Content (please ensure you mask any confidential information):

Hi Team,

Could you please clarify upon running any programs, does the Account status gets updated automatically? For all the customer accounts, we would set it as 'Open Account' (custom lookup code which we added under receivables lookup 'ACCOUNT_STATUS'). But would like to understand if the status need to be changed automatically to other status like 'Collections', 'High Volume' etc do we have any seeded programs in fusion that can be done?

Version (include the version you are using, if applicable):

Oracle Fusion Cloud Applications