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Working with Concurrence Approval

Overview

Your business administrator can set up eCredit for concurrence approval. Concurrence approval is a structured process in which more than one person with the proper approval authority is required to approve a credit line. The transaction amount, as specified by your business administrator, determines the number of approvals required.

Note: If eCredit is set up for concurrence approval, you must update the decisions for credit line requests using the Credit Line feature of the Customer module. You cannot use the Decision screen to update credit lines.

The following table shows the approval process when entering credit lines through Credit Lines and multiple approvals are required.

Stage	Description
1	A credit analyst saves a credit line after entering the Analyst Recommended Line amount. selecting their eCredit user name. entering their password on the Credit Line details screen.
2	eCredit validates that the password is valid. the amount does not exceed the analyst's approval authority.
3	One of the following occurs: If the validations are met, eCredit records the approval and displays the number of concurrence approvals required for the credit line approved amount. If the validations are not met, eCredit sends notification to the analyst's primary and secondary managers that their approval is required.
4	Stage 1 and 2 repeat until the required number of approvals is entered.
5	When the required number of approvals is entered, eCredit selects the Is Approved check box, and fills in the Approved Line field with the credit line amount.