Contract creation in OC Loans App
- Molitorisová Marianna
- Petra Jankovicova
Before creating Active Contract you need to create Calculation, for more information use link How to create calculation.
Then the process of transferring status from Calculation to Active Contract is simple.
At first, you have to click on button Change Status, and then you will see all the statuses that the calculation goes through.
It's possible to change the status step by step by following states:
Send Offer
Send to Approval
Approve Contract
Sign Contract
Activate Contract
It's possible to shorten the process of creating an Active Contract by steps below. Follow the guide steps or go to How to work with approval process
Step n. 1
By clicking on Button Approve Contract, the contract number changes, and it's no longer a Calculation, but a Contract.
Step n. 2
After step above, you will find this Contract on dashboard in section Approved.
Step n. 3
In this step you Activate Contract by clicking on button Activate Contract.
Within this step you can also Sign the contract.
Holding on steps above you will create Active Contract, which is situated in section Active on dashboard.
Note:
On an active contract, you can post installments on a payments calendar. You can also cancel installments, but remember to update the calculation after each cancellation.
On Financing Card are displayed information about invoices, concretely:
Posted Invoice Count: represents the number of posted invoices.
Cancelled Invoice Count: represents the number of cancelled invoices.
Invoice Count: represents the number of created invoices, but not yet posted invoices
Note: In case there are all payments invoiced in payment calendar and user clicks on button Calculation, payment calendar cannot be recalculated. Instead, there is displayed message: “There must exist at least one line where Rel<>0.” In case of interest model: “Number of payments not invoiced is lower than 1.”
Follow up:
How to create calculation in general