Request for Finance
A Request for Finance is an optional step in the Instrument Approval Workflow and works as an application for financing of an Instrument for the Customer.
It is an optional step that can be added as an approval during Product Structure & Workflow Set up.
Depending on the agreed workflow:
Review and approval can be sought from either the payer or seller, ensuring that all parties are aligned before proceeding
Once the review is finalized on the customer side, a notification is automatically sent to you for your approval
You then have the option to approve or reject the instrument based on your assessment
Upon approval, the instrument moves swiftly into the Disbursement stage of the process.