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Credit Service

Swagger documentation: https://swagger-ui.aws-prod.billtrust.com/?urls.primaryName=Creditapp%20core%20service%20v1

Credit Overview

The CreditApp service is used to obtain and process credit applications to help expedite the onboarding process. The service consists of forms that are sent to the potential/existing buyer, who then complete the application and sign via docusign. The information submitted is then made available to the supplier, who reviews the information along with other sources of data (credit reports, scores, bank and trade references, etc) to make a decision on the application.

Credit Concepts

The Credit system is defined by three modules

  • Manager Module - Manage the application lifecycle to make a decision on an application
  • Applicant Module - Completed by the buyer to provide information to the supplier that they can then use to make a credit decision
  • Reference Module - Data provided by an external third party like Bank / Trade Reference stakeholders

Business Entity

A business entity is the system level configuration for a tenant that is using the Credit system. It consist of a number of high-level configuration objects:

  • Application Id - The Application ID is the unique ID generator for each application generated and assigned to an applicant.
  • Company - Company Details of the applicant including Name , Address , phone etc
  • Contact - Contact Details of the applicant Designation , Email , phone, .etc
  • Business Units- Business Units the divisions/groups setup to create separation within a tenant. They can be customized based on the business needs.
  • Forms : Forms in the Credit System have multiple Form types, which include form sections and individual fields the applicant or internal users must fill to complete the application submission.
  • Fields - Fields in Credit System are the individual questions that are associated with an application. Field types include Text , Number, Select Single, Select Multi, Upload, Secondary field, etc
  • Application Status - Application status is the current status of the application. Possible Application statues include Initiated, In-Process, In-Review, Submitted, Approved, Cancelled, Declined ,Expired..etc
  • Application Status Type - Application Status Type is high level Separation of all the above statues. Application Status Types include Open, Under-Review, Closed - Approved, Closed - Canceled, Closed - Declined, Closed - Expired.

Application

An application in the Credit System is associated with a tenantId and Forms respectively. Application consist of following phases:

  • Phase 1 - Application is either 1. created and assigned to an applicant by a system user with his email id or 2. Self registers for the application, after which applicant would receive email with credentials
  • Phase 2 : Applicant will login and enter all the field values, including reference related contact information or uploading documents where required
  • Phase 3 : Reference user will login and update the reference related information and submit. This step is not required in all cases.
  • Phase 4 : Manager user will check the application, use other sources of data and make a decision based on the information obtained.