Create Program

Post Onboarding the Counter PartyClosedA party is any individual or business entity having a banking relationship with the bank., the Corporate now needs to create a Program to link its counter parties to a specific type of financing product of the bank.

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

Pre-Requisites

User must be having a valid corporate login credentials for creation of program.

You are here How to reach here:

Dashboard > Toggle menu >Supply Chain Finance > Program Management > Create Program
OR
Dashboard > Toggle menu >Supply Chain Finance > Program Management > View Program > Create New Program link
OR
Dashboard > Toggle menu >Supply Chain Finance > Overview > Quick Links > Create Program

To create program:

  1. Click Create a new Program to create the program online. The Create Program - Program Parameters screen appears.

Step1- Enter Program Parameters

Field Name

Description

Party Name and ID

Displays the party name along with ID for whom the SCF program is to be created.

Type of Program

Select the type of the program required for creating the program.

Program Name

Enter the unique name for the program to be created.

Program Code

Enter the unique code for the program to be created.

Validity From

Select the date of creation of the program.

Note: By default its today's business date of the bank, you can enter the future date if required.

Validity To

Select the date till which program will be valid.

It should be future date.

Auto Accept Invoice

Click toggle to auto accept the invoice. i.e the invoices uploaded under this program will be deemed auto accepted if not explicitly accepted by the buyer.

Number of days for Auto Acceptance

Enter the number of days in the invoices will be deemed accepted, if not explicitly accepted by the 'Buyer'.

This field is enabled only if the Auto Accept Invoice is selected as 'Yes' .

Auto Finance

Click toggle to yes for invoices uploaded under this program to be automatically financed post acceptance.
  1. From the Type of the Program list, select the type of the program required for creating the program.
  2. In the Program Name field, enter the unique name for the program to be created.
  3. In the Program Code field, enter the unique code for the program to be created.
  4. From the Validity From list, select the date of creation of the program.
  5. From the Validity To list, select the date till which program will be valid.
  6. In the Auto Accept Invoice field, click the toggle to Yes to auto accept the invoice.
    If you select Yes;
  7. In the Number of days for Auto Acceptance field, enter number of days in the invoices will be deemed accepted, if not explicitly accepted by the 'Buyer'.
  8. In the Auto Finance field, click the toggle to Yes for Invoices uploaded under this program to be automatically financed post acceptance.
  9. Click Next to navigate to a page to link counter parties. The screen displays the all onboarded counter parties created by anchor.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate back to previous screen.

Step2- Link Counter Parties

Field Name

Description

Party Name and ID

Displays the party name along with ID for whom the SCF program is to be created.

Program Type

Display the program type selected in Program Parameters step.

Program Name

Display the program name entered in Program Parameters step.

Program ID

Display the program ID entered in Program Parameters step.

Short Name

Display the initials of the counter party to be linked to the program.

Counter Party Name and ID

Displays the counter party name along with ID which is to be linked to the program.

Counter Party Address

Displays the address of the counter party name which is to be linked to the program.
  1. Click cardviewor list view icon to view counter parties in card view or list view respectively.
    There is also an indexer provided to navigate the counter parties on the basis of the first initial of the counter party. User needs to access the alphabet on the indexer and the curser will be navigated to the counterparties starting with the accessed alphabet.
  2. Select the checkbox against the counter party to link with the program.
  3. Click Submit to create a SCF program.
    OR
    Click Cancel to cancel the transaction.
    OR
    Click Back to navigate back to previous screen.
  4. The review screen appears. Verify the details, and click Confirm.
    OR
    Click Edit to modify the submitted parameters if required.
    OR
    Click Cancel to cancel the transaction.
  5. The success message of request initiation appears along with the reference number.
  6. Click on the View Program link to view the details of existing programs.
    OR
    Click on the Supply Chain Dashboard link to go to Supply Chain Dashboard.
    OR
    Click on the Back to Main Dashboard link to go to main dashboard.

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