Products¶
Overview
Products are objects that mirror actual business products. They have configuration parameters that can be set or modified either at the product creation stage or as a result of a policy decision.
How is this used?
Products are the objects for which policies are written. In that sense, they are used as support to Policies that are meant to impact them. Without a product, a policy cannot be written.
Creating a Product?
Go to Product Management and click on the Products tab and follow the instructions described in the Registration section
Example
Case study: The User wants to create an underwriting policy to make a 36-month loan granting decisions to consumers. For that, they need to first create a product that represents the loan that they want to underwrite.
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User creates a product called 36-month consumer installment loan by using the Create function under the Product tab.
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Product Details
- Product configuration
- User creates a policy for the 36-Months Consumer Installment Loan in the Policy Registry page
