Application Setup [U08]
LeasePak menu: Updates, Tracking Setup, Application Setup [U08]
Corresponding End of Period process: None
Directory of the Application Setup [U08] updates with links to the individual update documents.
This is part of the optional LeasePak module
Application Tracking. For
information on individual Application functions, refer to
Application Tracking [U08].
To access the Application setup updates, from the main LeasePak menu select Updates, Tracking Setup, Application Setup [U08].
Updates
- Status [U0811]
- Use Application Status to add, change, or delete application status codes. Application status codes represent the stages that an application goes through on its way towards becoming a lease or loan. LeasePak's predefined status choices include Entry, Investigation, Approved, Booked, Withdrawn, Suspended, Default, and Rejected.
- Flow [U0812]
- Use Application Flow to define the ways in which an application may proceed from one status to the next. For example, a particular flow may permit a status transfer from Entry to Approved (bypassing Investigation), but forbid a transfer from Rejected to Approved. You can create as many flows as needed. Assign each application user (through User Profile [U0831]) a flow that governs to which statuses they can transfer an application according to its current status.
- Field Security [U0814]
- Use Application Field Security to create different security profiles for application and application asset fields. For example, a profile for a "transaction specialist" may permit access to address and contact fields but deny access to key financial fields, or, because you can specify different profiles for different application statuses, fields that are accessible during an Entry or Investigation status can be made inaccessible once an application moves to Approved. In addition to specifying field access, you can also indicate in Field Security which fields should appear highlighted as input-required. You can create as many profiles as needed and assign users (through User Profile [U0831]) different profiles for each application status based on individual privileges.
- Document List [U0815]
- Use Document List to define one or more sets of application documents to use with the Application Tracking menu item Documents and Tasks. You can use Documents and Tasks to track documentation created by Document Generation or by other means outside of LeasePak. For an application, a document list may contain items such as a Master Lease, Schedule, and Delivery and Acceptance. You can create as many document lists as needed with up to 50 documents each. For each document you can specify the location of a Microsoft Word template formatted for use with Document Generation or specify 'Manual' for processes outside of LeasePak. You can also optionally specify if the document must be received prior to transferring the application to a particular status.
- Rate Plan [U0816]
- Use Rate Plan when you want to define a set of lease terms (such as amount of security deposit, purchase option, number of advanced payments, and payment factor) to apply to more than one application. You can also specify the allowed amount of variance from the rate plan. Use a rate plan on an application to default lease term information and to validate changes with the specified variance allowances.
- Rate Plan Group [U0817]
- Use Rate Plan Group to assign one or more related rate plans to a group. You can then assign a rate plan group to a Vendor using the Vendor [U0201] field Rate Plan Group, specifying the rate plan choices for applications associated with that Vendor.
- Reason/Condition [U0818]
- Use Reason/Condition to define standard reasons or comments for use with the Application Tracking menu item Status Transfer. For each application, you can assign up to 6 reasons/conditions for status transfers as a whole.
- Custom General [U0821MO]
- Use Custom General to set which of the 3 custom calculation amounts to use for client credit limits, to set whether or not the user can view all assigned and unprocessed notes tied to an application, and to specify Microbilt settings (for use with the Appliction Tracking menu item Credit Bureau).
- Portfolio [U0822]
- Use Portfolio for portfolio-level application settings such as default application, whether or not to use Drawdown Tracking, and how long to wait before cleaning up booked applications (if at all), as well as the settings for the Document Generation template and document locations for all LeasePak generated documents (not just Application Tracking documents). If you have multiple portfolios, you can specify different settings for each of your portfolios.
- User Profile [U0831]
- Use the User Profile to add, change, or delete Application Tracking users. LeasePak users may or may not also be Application users, but all Application users must be LeasePak users. Within User Profile, you can set which of the Application Tracking menu items the user has access to, approval limits, status flow, field security by status, work schedule sort order, and other parameters.
LeasePak Documentation Suite
©
by NetSol Technologies Inc. All rights reserved.
The information contained in this document is the property of NetSol Technologies Inc. Use of the information contained herein is restricted. Conditions of use are subject to change without notice. NetSol Technologies Inc. assumes no liability for any inaccuracy that may appear in this document; the contents of this document do not constitute a promise or warranty. The software described in this document is furnished under license and may be used or copied only in accordance with the terms of said license. Unauthorized use, alteration, or reproduction of this document without the written consent of NetSol Technologies Inc. is prohibited.