Siebel Finance Guide > Managing Commercial Loans >
Setting Up Approval Levels
Siebel Finance supports an automated commercial loan approval process. The administrator is responsible for setting up a financial institution's approval levels and the corresponding approval stages. For example, an administrator may set two approval levels: one for commercial loans under one million dollars, the other for commercial loans over one million dollars. The approval level assigned to a loan request depends on the details of the loan. To set up the approval level for a commercial loan
- Navigate to the Administration - Finance screen > Commercial Loan view.
- Click the Approval Administration view tab.
- To create a new approval level, add a record in the Approval Level list, and complete the necessary fields.
Some fields are described in the following table.
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Approval Level |
Name for the approval level. |
Description |
Describes which loans should be used with the approval level. |
- To add an approval stage, add a record in the Approval Administration list, and complete the necessary fields.
Some fields are described in the following table.
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Executive |
Indicates the contacts to add to the approval stage. |
Stage # |
Shows the stage number. |
NOTE: Modify an existing approval level by selecting a record in the Approval Level list, and updating the associated records in the Approval Administration list.
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