Create Catalogs and Products for Digital Lending
Create and customize loan products and catalogs for Digital Lending.
Required Editions
Available in: Lightning Experience Available in: Professional, Enterprise, and Unlimited Editions |
Before You Begin
Learn more about the key features of Product Catalog Management and how they work together, check out Product Catalog Management.
To show applicants products and catalogs from your external system, review Omnistudio Flexcards to learn how to configure the Flexcards to meet your business needs.
Design Your Catalog
Start by creating a catalog to organize your loan offerings. Then add products to the catalog, such as a personal loan or home equity line of credit.
To help applicants find the right product, create categories and subcategories within the catalog. For example, group products by loan type or purpose.
Define attributes for each product, such as loan amount range, loan term, and interest rate type. Assign values to these attributes so that applicants see accurate product details.
To speed up future product creation, create a product classification template. A classification defines a reusable set of attributes that you can apply to similar loan products.
Get Started
To build a working catalog, complete these tasks in order. Return to this page to track your progress.
Explore and Learn
Watch this video to understand how Product Catalog Management works for Digital Lending.
If you aren't able to watch the video in full screen, open the video on a new tab: 
Product Catalog Management for Digital Lending: A Quick Tour.
- Use Case Example Catalogs and Products for Digital Lending
To understand how products and catalogs are created and managed for Digital Lending, review the scenario of a customer applying for a personal loan, and then learn how to set it up. - Assign Product Catalog Permissions for Digital Lending
Assign Product Catalog Management Designer permission set to users who configure products and product catalogs. - Create a Catalog for Digital Lending
A catalog is a collection of the products that you sell, organized into categories for easier findability. You must create a catalog before you create catalog categories and assign products to them. Use Product Catalog Management to create and manage your catalogs. - Create Catalog Categories and Subcategories for Digital Lending
To organize and group products in your catalog, create catalog categories and catalog subcategories. You can assign products to more than one catalog category and subcategory. The Categories tab shows a hierarchical view of categories that can be expanded or collapsed to display or hide the catalog subcategories. - Create a Product for Digital Lending
Products are all the items and services that you sell to customers. Products can also be non-sellable. There are two types of products: simple products and bundled products. Simple products don’t have an associated product hierarchy while bundled products generally have one. Bundled products are a group of products that are sold together as one unit. - Create Loan Term Attribute Picklists for Digital Lending
Create loan term attribute picklist values of 12 Months, 24 Months, and 36 Months. A picklist represents all possible values for an attribute when an attribute can have multiple values. Users choose from one of these values when buying a product. You must define picklists before creating picklist attributes. - Define and Update Product Attributes for Digital Lending
Attributes capture the characteristics or properties of products. Define details such as attribute name, label, and data type when creating an attribute. Create Minimum Loan Amount, Maximum Loan Amount, and LoanTerm attributes and update the OmniScript Name attribute. - Create Offer Validity Attribute for Digital Lending
Use the OfferValidPeriod product attribute to configure the validity in days for an offer generated for a product. When the OfferValidPeriod attribute is configured for the product, the pricing engine uses the OfferValidPeriod attribute and populates the offer's valid start date and end date. - Create Omniscript Name Attribute for Digital Lending
Use the OmniScriptName product attribute to configure the loan intake process. - Create Personal Loans Product Classification for Digital Lending
A product classification is a template that you use to create similar products. Create a product classification to which you can assign attributes and base products on. - Assign and Edit Attributes in the Personal Loans Product Classification for Digital Lending
Product classifications hold a collection of attributes that describe the general properties of products. You can assign individual attributes to a product classification or a collection of attributes through attribute categories. Customize the default values to meet the needs of your company. - Add Product Classification to Personal Loan Product for Digital Lending
Assign the Personal Loans Product Classification to the product you created in Create Personal Loans Product Classification for Digital Lending, for example, Personal Loan. - Assign Products to Catalog Categories for Digital Lending
Organize products by assigning them to catalog categories and subcategories. - Considerations and Limitations for Catalogs and Products for Digital Lending
There are certain points to consider when you set up when you set up catalogs and products for Digital Lending for Financial Services Cloud.
