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 Siebel Product Administration Guide. To create a new product line
- Navigate to the Administration - Product screen, and then the Product Lines view.
- In the Product Line list, add a record, and complete the necessary fields.
Some fields are described in the following table.
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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. |
Creating a Product
Once you have created a new product line you can create new products. To create a product
- Navigate to the Administration - Product screen, and then the Products view.
- In the Products list, add a record, and complete the necessary fields.
Some fields are described in the following table.
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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 might not be visible. You might want to reveal them using the Columns Displayed command from the Menu drop-down list.
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