4 Corporate / Nostro Business Process

The Corporate / Nostro Business Process configuration helps users to build the required work flow by defining stages for product origination, data segments, checklists, required documents, and advices for the stages.

A business process can be defined as a series of activities and tasks that, when completed, it accomplishes distinct origination processes. The business process must have well-defined inputs and one output.

A business process definition determines the different stages required for a particular combination of the process code, life cycle, and business product code. The work flow management of these stages and the associated stage movements are defined in a Work flow Orchestrator that orchestrates micro-services-based process flows and allows processes to seamlessly transition through various stages in a specified order. The Work flow Orchestrator process drives the work flow from one stage to the next based on the process results at each stage, subject to fulfillment of the required data collection, confirmation on the mandatory checklist items, and submission of mandatory documentation at each respective stage. The stages defined in a business process can be dynamically assigned to different user profiles or roles.

During product origination/creation, the system selects a business process runtime and initiates a work flow based on the configuration.

The prerequisites to configure a Business Process are as explained below:

• Life-cycle - Life-cycle represents the life-cycle of the process in which the business process is created. These are factory-shipped codes that currently support the life-cycle of product types such as Savings and Current accounts. A list of life-cycle codes is available at Life-cycle Codes.
• Process Code - Process Code defines the various stages involved in the Business Process work flow. A process code configuration allows you to define the business process flows that must be mapped to a business process configuration for a combination of business product and life-cycle code.

This topic contains the following subtopics:

• Create Business Process
  This topic describes the systematic instructions to create a business process.
• View Business Process
  This topic describes the systematic instructions to view the list of available business processes.