| Table of Contents |
|---|
1. Credit Application Record
1.1 Prospect Conversion
A credit record is created through the prospect conversion functionality.
...
2. Credit application record gets created and attched to the prospect record as shown below. To access the Credit Application record, simply click on the link.
...
1. 2 Create an application in salesforce
A Credit Application record can be created by manually entering the details.
...
4. The Credit Application Record got created as shown below.
...
1. 3 Complete the
...
application form
The form can be customized as per the business requirements. There are two ways to fill in the form first, by the applicant - The applicant will be able to access the form through the link to the site. This will be unique for every company. And second, by the salesforce user.
...
5. Once an application is filled, a credit application record is created as shown below.
...
2. Run External Apps
This feature allows you to request reports from credit bureaus and external third party companies - Like like experien etc. You can send file requests and bank verification requests from this component.
Click on ‘Run External Reports’ to run reports, both individual and business reports, like Credit Report, Criminal Report, Business Credit Report, DL verfication and OFAC Report.
Mark the checkboxes as true to run the reports and clik on ‘Save’.
...
3. Run reports would be visible in the related section of Business Role object
...
3. Generating Lease/Loan Payment Schedule
This feature enables the user to generate lease or loan amortization schedules. Amortization means gradually paying off a debt over time through regular payments. It's like paying for something in small, equal installments until you've paid it off completely. An amortization schedule is a table that shows how your loan payments are split between paying off the principal (the amount you borrowed) and the interest (the cost of borrowing) over time. It also shows your remaining balance and total interest paid.
...
6. The changes made will appear as shown below.
...
If you have any questions or you are facing any problems regarding this app please write to us at solutions@cloudmaveninc.com
We will be very happy to help you.