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Formula Method and Formula fields in Compensation setup (Doc ID 1620844.1)

Last updated on JUNE 22, 2021

Applies to:

Oracle Daybreak - Version 9.0 to 11.6 [Release 9 to 11]
Information in this document applies to any platform.

Purpose

This document brief about the Formula Method and Formula Fields in Compensation Tab used for compensation calculation.

The defined Set up will be available to choose the right plan for compensation.

Scope

Compensation Set up. OFSLL Users & Business Analyst should be aware of the compensation plan and how it is used in the System.

The Compensation (loan) sub tab records and displays the terms of compensation between the finance company and the dealer for loan transactions.

Compensation (loan) sub page allows us to chose the compensation plan.

  1. Navigate to Origination master tab> Funding screen > load the application.
  2. Select the Contract link
  3. Choose the Compensation (loan) sub tab
  4. In the Compensation section, select in the Compensation Plan and select Load.
  5. Save the Plan to calculate compensation for the selected compensation.

Details

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