5.1 Create Program

A Corporate can create program(s) to link their business counterparts (who are referred to as Counter Parties) together, so that the parties can avail finance. A program is created using a finance product that would be availed by the counter parties or the Anchor (one who creates the program) depending on who the borrower is, in the finance product. The finance product is fetched from the bank’s system.

A counter party can be linked to a program only when they are successfully onboarded into the bank’s system. For more information on onboarding a counterparty and enquiring related details, refer User Manual Oracle Banking Digital Experience Receivables Payables Management.

Using this option, you can create a SCF program to manage invoices / purchase orders. It allows you to define major parameters at the program level like auto-acceptance or auto-financing of the invoices.

User must have valid corporate login credentials for creation of program.
To create a program:

Navigation path:

From the Dashboard, click the Toggle Menu, then click Supply Chain Finance, Program Management, and Create Program.

OR

From the Dashboard, click the Toggle Menu, then click Supply Chain Finance, Program Management, and View Program, and then Create New Program link.

OR

From the Dashboard, click the Toggle Menu, then click Supply Chain Finance, Overview, Quick Links, and Create Program.

  1. Navigate to the above path. In the Create Program screen that appears, under the Program Parameters step, fill in the fields as follows.

    Create Program

    Table 5-1 Field Description

    Field Name Description
    Program Parameters step
    Type of Program

    Select a suitable program type. You can view the attributes of the selected type by clicking the View Attributes link. The Type of Program determines the following:

    • Whether the program is buyer-centric or supplier-centric, based on the role of the logged-in party.
    • Whether the program is to be used for financing invoices or purchase orders.
    • The borrower of finances in the program, (whether Anchor or Spoke).
    • Financial parameters such as, minimum and maximum finance that can be requested; minimum and maximum tenor for the finances; and so on.
    • Repayment parameters, such as, the sequence of finance repayment (interest, principal, and overdue interest) before, on, and after the due date; whether pre-payment and part payment are allowed; and so on.
    View Attributes Click on the link to view the attributes, finance parameters, and repayment parameters of the selected program type.
    Program Name Enter a unique name for the program to be created.
    Program Code Enter a unique code for the program to be created.
    Validity From Select the date of creation of the program. By default it is the current business date of the bank. You can enter a future date if required.
    Validity To Select the date until when the program will be valid. It should be a future date.
    Auto Accept Invoice

    Switch the toggle to ‘yes’ to auto accept invoices/purchase orders.

    • The invoices uploaded under this program will automatically be deemed as ‘accepted’ after the specified number of days, if not explicitly accepted by the buyer.
    • The purchase orders uploaded under this program will automatically be deemed as ‘accepted’ after the specified number of days, if not explicitly accepted by the supplier.
    Number of days for Auto Acceptance

    Enter the number of days after which the invoices/purchase orders will be deemed as ‘accepted’, if not explicitly accepted by the buyer/supplier.

    This field is displayed only if the Auto Accept Invoice toggle is set to ‘yes’.

    Auto Finance Switch the toggle to ‘yes’ to automatically finance invoices/purchase orders (post acceptance) that are uploaded under the program.
    Disbursement Currency

    Specify the disbursement currency for the program.

    This field is displayed only if the Auto Finance toggle is set to ‘yes’.

    Disbursement Mode

    Specify the mode for finance amount disbursement for the program.

    The options are:

    • Account Credit
    • Cheque
    • EFT

    This field is displayed only if the Auto Finance toggle is set to ‘yes’.

  2. Once the above details are entered, click Next to navigate to the Link Counter Parties screen. The screen displays a list of all counter parties that are onboarded by the anchor. Or, do one of the following:
    • Click Cancel to cancel the transaction.
    • Click Back to go to the main dashboard.

    Figure 5-1 Create Program - Link Counter Parties


    Create Program - Link Counter Parties

    Table 5-2 Field Description

    Field Name Description
    Create Program
    Party Name and ID Displays the name and ID of the logged-in corporate party.
    Link Counter Parties
    Program Type Display the program type selected in the Program Parameters step.
    Program Name Display the program name entered in the Program Parameters step.
    Program Id Display the program ID entered in the Program Parameters step.

    Select Counterparties

    This section displays a list of onboarded counterparties in alphabetical order. A tile is displayed for each counterparty. You can individually select the parties to be linked to the program, or click Select All to link all of them to the program.

    Counterparty Tile

    Each tile displays the following details.
    Short Name Display the initials of the counter party.
    Counter Party Name and ID Displays the counter party’s name and ID.
  3. Click Tabular Formator List Format to view the counter parties in card view or list view respectively. You can also use the alphabetical index to navigate to parties whose names begin with a specific letter.
  4. Select the check box(es) against the counterparty(ies) to link with the program.

    Note:

    Click Select All to select all counterparties in the list. Click Deselect All to deselect all the selected ones.
  5. Click Submit to create a program. The Review screen appears. Or, do one of the following:
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
  6. In the Review screen, verify the details, and click Confirm. A Confirmation message of request initiation appears along with the reference number. Or, do one of the following:
    • Click Cancel to cancel the transaction.
    • Click Back to navigate back to the previous screen.
  7. Click the View Program link to view the details of existing programs. Or, do one of the following:
    • Click the Supply Chain Dashboard link to go to Supply Chain Dashboard.
    • Click the Go To Dashboard link to go to main dashboard.

    Note:

    Once the Create Program transaction is submitted by the Corporate Maker, it is sent for approval. It appears in the Pending for Approval list of the Corporate Approver. The Approver can approve, or reject, or send the transaction back to the Maker for modifications, with relevant comments. Corresponding notifications are sent to the Maker.

    The Maker can then view, claim, and edit the transaction. Upon modification, it can be submitted for approval again. The Approver again has the option to approve, reject or send the transaction back for modification. There is no limit to the number of times the transaction can be sent back for modification.

    Once approved, the transaction appears in the Approver’s My Approved List.

Parent topic: Program Management