Set Up Pricing for Digital Lending
Assign pricing permissions, create Product List Rate records, Rate Adjustment by Credit Score object and records, and Decision Tables for Product List Rate and Credit Score Based Adjustment Decision Table.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
Complete the common setup for Salesforce Pricing and Product Configurator. Then, set up Salesforce Pricing or Product Configurator, depending on the pricing solution that meets the needs of your org.
- Assign Permissions and Set Up Pricing for Digital Lending
Assign the Digital Lending, Salesforce Pricing, and Business Rules Engine permissions. - Create Product List Rate Records for Digital Lending
The Product List Rate object stores the list price of a product as a percentage. The List Rate field contains the base interest rate. Create one list rate for each product. - Create Rate Adjustment By Credit Score Object
Create a Rate Adjustment By Credit Score custom object that represents the adjustments to list rates based on the client’s credit score. - Create Rate Adjustment By Credit Score Records
Create the Rate Adjustment By Credit Score records that represent the adjustments to list rates based on the client’s credit score. - Create a Product List Rate Decision Table
Decision tables are complex lookup tables that read business rules with multiple inputs, and return multiple outputs for the records in your Salesforce org, or for the values that you specify. Rules are records in a standard object, a custom object, or a custom metadata type. - Create Credit Score Based Adjustment Decision Table
Decision tables are complex lookup tables that read business rules with multiple inputs, and return multiple outputs for the records in your Salesforce org, or for the values that you specify. Rules are records in a standard object, custom object, or a custom metadata type. - Create Rate Adjustment By Term Object
Create a Rate Adjustment By Term custom object that represents the adjustments to list rates based on the loan term. - Create Rate Adjustment By Term Records
Create the Rate Adjustment By Term records that meet the needs of your company. The records represent the adjustments to list rates based on the loan term. - Create a Term-Based Adjustment Decision Table
Decision tables are complex lookup tables that read business rules with multiple inputs, and return multiple outputs for the records in your Salesforce org, or for the values that you specify. Rules are the records in a standard object, custom object, or a custom metadata type. - Update the Price Recipe for NGPDefaultRecipe
Update pricing recipes and associate data from selected Digital Lending objects with lookup tables. Salesforce Pricing gives users a predefined pricing recipe along with standard lookup tables used to create pricing procedures. Add the ProductListRateDT, CreditScoreBasedAdjustmentDT, and TermBasedAdjustmentDT lookup tables to the NGPDefaultRecipe pricing recipe.
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