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
- Navigate to the Administration - Product screen > 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. |
To create a product
- Navigate to the Administration - Product screen > 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 may not be visible. You may need to reveal them using the Columns Displayed command from the Menu drop-down list.
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