Approval process in OC Loans App

Owned by Molitorisová Marianna
Last updated: Nov 05, 2024 by Petra Jankovicova
1 min read

You need to transfer the calculation to the active contract by approval process. From the status Approved the loan is taken as a Contract and calculation numbering is changed to contract numbering.

We are allowed to change status sequence following:  

  • Calculation → Send Offer (changes status to Offer), Archive Contract (changes status to Archived)

  • Offer → Send to Approval (changes status to Waiting for Approval), Archive Contract (changes status to Archived)

  • Waiting for Approval → Approve Contract (changes status to Approved),  Archive Contract (changes status to Archived)

  • Approved → Sign Contract (changes status to Signed), Archive Contract (changes status to Archived)

  • Signed → Activate Contract (changes status to Active), Archive Contract (changes status to Archived)

  • Active → Suspend Contract (changes status to Suspend), Early Termination of Contract (changes status to Closing)

  • Suspend → Activate Contract (changes status to Active), Early Termination of Contract (change status to Closing)

  • Closing → Settling of Contract (changes status to Settling), Archive Contract (changes status to Archived)

  • Settling → Archive Contract (changes status to Archived)

  • Archived → we are not allowed to changed status of archived contract 

Follow up:

How to create calculation in general

How to create financing product

How to work with contract changes