Example: Stage Management Plan for Party Profile
Define the stages for the Party Profile object. Use Stage Management to configure when and how you want a party profile record to move from one stage to another. Define the steps to be performed when a party profile record moves to a particular stage.
Required Editions
| Available in: Lightning Experience |
| Available in: Professional, Enterprise, and Unlimited Editions |
Object Stage Definitions
In this example, to create a stage definition, we use Party Profile as the reference object and the Stage field as the reference object field.
| Stage | Description |
|---|---|
| Initiated | The party profile review process begins. |
| Identity Verification | The party profile’s identity verification begins. |
| Risk Screening | The risk assessment of the party profile begins. |
| Document Validation | The validation of the documents submitted by the party profile begins. |
| Risk Assessment | The overall risk evaluation of the party profile begins. |
| Approval | The party profile record awaits approval. |
| Approved | The party profile record is approved. |
| Rejected | The party profile record is rejected. |
| On Hold | The approval of the party profile record is on hold. |
Object Stage Transitions
Set the criteria for the party profile record to move from one stage to another. This table shows the steps that you can run at each party profile stage. The party profile record moves from one stage to another only if the transition criteria are met and all steps in the stage are completed.
| From Stage | To Stage | Transition Criteria | Step Definition | Step Type With Reference Artifact |
|---|---|---|---|---|
| Initiated | Identity Verification | No transition criteria | Verify PAN details and match with Party Profile name. | Omniscript DigitalLendingIndia_ExecuteNameMatchPANAuthentication Omniscript. |
| Match address from Aadhaar with permanent address. | Integration Defintion - Auto DigitalLendingIndiaAddressMatchIntegDef integration definition |
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| Check the applicant’s emails for any signs of fraud or suspicious activity. | Integration Defintion - Auto DigitalLendingIndiaEmailFraudCheckIntegDef |
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| Validate if the entered PAN is the same as the PAN mentioned in the uploaded file of PAN card. | Integration Defintion - Auto DigitalLendingIndiaKycOcrPlusIntegDef |
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| Verify the authenticity of the applicant’s email address. | Integration Defintion - Auto DigitalLendingIndiaEmailAdvancedAuthIntegDefedit |
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| Identity Verification | Risk Screening | Check if at least one party identity verification record exists with status as Completed and result as Accepted. | Initiate Anti-Money Laundering (AML) screening. | Integration Defintion - Auto DigitalLendingIndiaAMLScreeningIntegDef integration definition |
| Risk Screening | Document Validation | Check if at least one party screening summary record exists with status as Completed and screening decision as Accepted. | Assign the documents verification tasks to your mid-office agents to manually verify the uploaded documents. | Manual Task No reference artifact |
| Document Validation | Risk Assessment | Check if all requested documents are uploaded and validated. | No transition plan | No step needed for this transition No reference artifact |
| Risk Assessment | Approval | No transition criteria | Trigger an approval process with tasks assigned to approvers. | Auto-launched Flow Flow with the label Digital Lending—India: Submit Party Profile Approval |
| Approval | Approved | No transition criteria | No transition plan | No step needed for this transition No reference artifact |
| Approval | Rejected | No transition criteria | No transition plan | No step needed for this transition No reference artifact |
| Approval | On Hold | No transition criteria | No transition plan | No step needed for this transition No reference artifact |
| On Hold | Approved | No transition criteria | No transition plan | No step needed for this transition No reference artifact |
| On Hold | Rejected | No transition criteria | No transition plan | No step needed for this transition No reference artifact |
| On Hold | Risk Screening | No transition criteria | Initiate Anti-Money Laundering (AML) screening. | Integration Defintion - Auto DigitalLendingIndiaAMLScreeningIntegDef integration definition |
| On Hold | Document Validation | No transition criteria | Assign the documents verification tasks to your mid-office agents to manually verify the uploaded documents. | Manual Task No reference artifact |
| On Hold | Risk Assessment | Check if all the party identity verification and party screening summary records associated with the applicant are in completed status. Check if the result of all the party identity verification steps is accepted and the screening decision of the party screening summary is Clear. | No transition plan | No step needed for this transition No reference artifact |
| Check if the credit score, employment industry and employment type in the party profile record are populated. | ||||
| On Hold | Approval | No transition criteria | Trigger an approval process with tasks assigned to approvers. | Auto-launched Flow Flow with the label Digital Lending—India: Submit Party Profile Approval |
- Create a Stage Management Configuration for Party Profile Stages
Use integration definitions, prebuilt flows, Omniscripts, and Stage Management to set up an efficient process to manage the stages of a party profile record in a loan origination workflow.
