Siebel Finance Guide > Managing Products and Pricing >

Creating New Products

Before creating a new product in Siebel Finance, end users must first create a product line. Then they can designate the products to be included in the product line, and set up the scoring system a financial institution's agents will use to determine customers' needs.

Administrators have the job of creating new products. The Product Administration view is used to define the finance-related products that are recommended by the sales agents and used in customer needs analyses. For more details on defining products and product lines, see Product Administration Guide.

To create a new product line

1. Navigate to the Administration - Product screen > Product Lines view.
2. In the Product Line list, add a record, and complete the necessary fields.

   Some fields are described in the following table.

   Field	Description
   Contracting	Indicates whether the product line is offered on a contracting basis.
   Licensing	Indicates whether the product line requires a license.
   Product Line	Name of the product line.
   Products	List of products associated with the product line.

To create a product

1. Navigate to the Administration - Product screen > Products view.
2. In the Products list, add a record, and complete the necessary fields.

   Some fields are described in the following table.

   Field	Description
   Avg Profit	Average profit generated by product.
   Sub Type	Product groupings by Pension, Asset, Liability, Life & Annuity, Personal Lines Insurance, Service, Transaction, Group Insurance, Individual Health Insurance, Derivative, Currency, Commodity, and Commercial Insurance.
   Equivalent Product	Products to be used in comparisons.
   Profit Rank	Ranking of product by profit generation.
   Region	Geographic region using this product.
   Status	Current availability of the product.

   NOTE:  Some of these fields may not be visible. You may need to reveal them using the Columns Displayed command from the Menu drop-down list.