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Using wait conditions with workflows

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I wanted to get some second opinions on this.  I have a requirement in which the business would like notifications after 30 days, 60 days, etc.  For example, if they haven't had a new piece of business from a company in 30 days. Or, if they sent documentation on a specified date and haven't received them after 30 days (they would update a field to indicate when it was sent. )

My response to this is to use a view instead of a notification to see the list of records to work from.

The only way I can think of to do email notifications in this way (with out-of-the-box functionality) is to use a workflow with a wait condition.  I'm not fond of this idea because that could mean MANY workflows in the background waiting.  Especially in some cases where the timeframe could be a year.  Could this mean performance impacts as each time the async service runs it needs to check each workflow's condition?  Any other thoughts on solutions?


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