Siebel Finance Guide > Managing Financial Accounts >

Working with Financial Accounts


In Siebel Finance, administrators can add financial accounts from the Financial Accounts screen. In many companies, Siebel Finance is not an organization's primary system of record for financial accounts. Typically a system administrator loads financial account information from another system into Siebel Finance. For more information on uploading financial account information into Siebel Finance, see Siebel Enterprise Integration Manager Administration Guide.

To add a financial account

  1. Navigate to the Financial Accounts screen > Financial Account List view.
  2. In the Financial Accounts list, add a record and complete the necessary fields.

    Some fields are described in the following table.

    Field
    Comments

    Status

    If specified as Open, then allows the financial account to appear in Siebel eBanking.

    Account #

    User-assigned number.

    Product

    Indicates the product associated with the account. This selection populates the Type field.

  3. (Optional) In the Financial Account form, enter at least one contact for the account.
  4. In the Team field, add users at the financial institution responsible for maintaining the account.

NOTE:  Business system administrators must determine which views and types of views their users need.

After a financial account is created, you add authorized users for the account. For each authorized user, you define the authorization actions they can take for different categories of account use. For example, one authorized user might be allowed to sign checks and make withdrawals and another is only able to request wire transfers.

To add a new authorized user to a financial account

  1. Navigate to the Financial Accounts screen > Financial Account List view.
  2. In the Financial Account List, drill down on the account to which to add an authorized user.
  3. Click the Authorized Users view tab.
  4. In the Authorized Users list, add a record, and in the Last Name field, select the contact.

    Scroll down to the Authorization list, add a record and complete the necessary fields, some of which are described in the following table.

    Field
    Comments

    Category

    The category of account use for which the authorization is granted, such as wire transfer, check signing, or withdrawal.

    Action

    The specific activity that is authorized for the category of authorization, such as confirm, sign, or request.

    Limit

    The dollar value limit for the specificied authorization.

    NOTE:  You cannot add contacts to the system in the Authorized Users view tab. Create contacts in the Contacts screen or the Contacts Administration screen. For more information, see Adding Contacts.

    After a contact has been added to a financial account, you can specify that contact's authorization level as described in this procedure.

After adding authorized users to a financial account, administrators can associate holdings information. Holdings information is usually only relevant to certain types of accounts, such as Investment Accounts.

To associate holdings information with a financial account

  1. Navigate to the Financial Accounts screen > Financial Account List view.
  2. Click the Investment Holdings view tab.
  3. In the Investment Holdings list, add a record, and complete the necessary fields.
  4. In the Security Name field, select a security name you want to associate with the financial account.
Siebel Finance Guide