Version Control for Credit Product Policies
Overview
Administrators now have the ability to maintain version control for credit product policies, ensuring that unapproved modifications do not affect active loan products. This feature provides a reliable way to track and manage policy changes, enhancing transparency and control.
By implementing version control, administrators can streamline policy updates and approvals, ensuring a systematic and efficient approach to managing credit product policies.
Key Features
When a policy is edited, the system automatically preserves the previous version along with all associated data. This functionality enables you to:
- Monitor Changes: Maintain a comprehensive record of all alterations made to the policies.
- Authorize Updates: Ensure that only sanctioned changes are applied to the loan products, thus preserving consistency and compliance.
Components Covered
The version control feature includes several components related to credit product policies:
- Policy: General Policy Settings.
- Loan Product: Specific information about individual loan products.
- Charges: Details regarding any fees associated with the loan.
- Stages: The various phases of the loan process.
- Accounting Settings: Financial and accounting configurations that support the loan products.
- Others:Â Any additional relevant policy components that may require version control.