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 might 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

1. Navigate to the Administration - Finance screen, and then the Commercial Loan view.

2. Click the Approval Administration view tab.

3. To create a new approval level, add a record in the Approval Level list, and complete the necessary fields as described in the following table.

   Field	Comments
   Approval Level	Name for the approval level.
   Description	Describes which loans to use with the approval level.

4. To add an approval stage, add a record in the Approval Administration list, and complete the necessary fields as described in the following table.

   Field	Comments
   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.