43 Spend Category

This topic describes the information about Spend Category option. Using this option, the System Administrator can maintain the spend categories.

Spend Category maintenance allows the System Administrator to create, modify or expire categories. For each of the Spend Category, System Administrator shall be able to map its corresponding sub categories under which the transactions will be tagged. This maintenance is done only for retail customers. Any time there can be a maximum of 7 categories available and each will have a unique category code. Spend categories cannot be deleted.

The each spend category can have up to four sub categories each.

Prerequisites
  • Transaction access is provided to System Administrator
  • Transactions which needs to be mapped to different categories are maintained
  • Transaction description must have keywords which can be distinguished by rule engine for classification into subcategories

Figure 43-1 Workflow


Description of Figure 43-1 follows
Description of "Figure 43-1 Workflow"

Features supported in application

The Spend Category maintenance allows the System Administrator to:

Navigation Path: Perform anyone of the following navigation to access Spend Category.

  • From System/ Bank Administrator Dashboard, under Personal Finance widget, click Spend Category.

  • From System/ Bank Administrator Dashboard, click Toggle Menu , then click Menu and then click Personal Finance. Under Personal Finance , click Spend Category.
  • Spend Category - Search
    This topic describes the systematic instruction to Spend Category - Search option. Using Spend category search option, System Administrators search the existing spend category.
  • Spend Category - Create
    This topic describes the systematic instruction to Spend Category - Create option. Using spend category create option, the System Administrator can create new spend categories and sub categories.
  • Spend Category - Edit
    This topic describes the systematic instruction to Spend Category - Edit option. Using spend category edit option, System Administrator can modify the spend category details.
  • FAQ